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Yahoo
5 hours ago
- Business
- Yahoo
US tariffs on steel and aluminium may lead to job losses in Canada
The Canadian metals industry faces significant challenges as higher US tariffs on steel and aluminium, now at 50%, threaten to result in job losses and lost sales, according to a Reuters report. Canada is the largest seller of steel and aluminum to the US. Unifor, Canada's private sector union, and the Aluminium Association of Canada have expressed serious concerns over the immediate impact of the tariffs. Unifor president Lana Payne was quoted by the news agency as saying: 'So this is going to have a very quick impact, I will say to you, on steel industry.' According to the report, members of the Aluminium Association of Canada, including Rio Tinto, are reportedly considering diversifying to Europe in response to the 50% tariffs. Nova Scotia-based Marid Industries CEO Tim Houtsma highlighted the impossibility of selling to the US market under these conditions, indicating a need for cost-watching and market exclusion fears. Prime Minister Mark Carney has announced that Canada is ready to retaliate if negotiations with the US fail. 'We are in intensive negotiations with the Americans, and, in parallel, preparing reprisals if those negotiations do not succeed,' he declared to the House of Commons. Unifor has urged immediate retaliation and suggested halting exports of critical minerals to the US. The union also warned of potential layoffs in the auto and aerospace industries. Canada imposed 25% tariffs on $21.79bn (C$29.78bn) worth of US imports in March. Meanwhile, the Mining Association of British Columbia's 2025 economic impact study highlights 27 advanced-stage mining projects in British Columbia that could inject more than $90bn into the economy, potentially creating thousands of jobs and generating significant tax revenues. Navigate the shifting tariff landscape with real-time data and market-leading analysis. Request a free demo for GlobalData's Strategic Intelligence . "US tariffs on steel and aluminium may lead to job losses in Canada" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
19 hours ago
- Business
- Yahoo
Canadian metals industry warns of layoffs, lost sales due to new US tariffs
(Corrects name of Marid industries in paragraph 6) By Divya Rajagopal TORONTO (Reuters) -Canadian companies and a major union said on Wednesday higher U.S. tariffs on steel and aluminum could result in more job losses and lost sales, as Prime Minister Mark Carney said Canada is preparing reprisals. The U.S. tariff hike on the two metals to 50% from the 25% rate introduced in March took effect at 12:01 a.m. (0401 GMT) on Wednesday. Canada is the largest seller of the metals to the U.S., exporting to its southern neighbor roughly twice as much aluminum as the rest of the top 10 exporters' volumes combined. "So this is going to have a very quick impact, I will say to you, on steel industry," said Lana Payne, president of Unifor, which is Canada's private sector union. The Aluminium Association of Canada, which counts Rio Tinto among its members, said 50% tariffs could result in its members diversifying to Europe. Tim Houtsma, CEO of Nova Scotia-based Marid Industries, a medium-scale steel fabricator, told Reuters that the tariffs make it impossible to sell to the United States. "We are going to tighten our belt and we are going to need to watch our cost because we are going to be shut out of the U.S. market for some period of time," Houtsma said. Canada is prepared to strike back against the United States if talks with Washington to remove tariffs do not succeed, Prime Minister Mark Carney said on Wednesday. "We are in intensive negotiations with the Americans, and, in parallel, preparing reprisals if those negotiations do not succeed," he told the House of Commons. Unifor called on Carney to retaliate immediately and urged Canada to pause exports of critical minerals to the United States. Hundreds of Canadian steel workers have lost their jobs since initial tariffs took effect. Unifor warned layoffs in the auto and aerospace industries could also occur. In March, Canada imposed 25% tariffs on C$29.8 billion ($21.79 billion) worth of imports from the U.S. Carney has said previously there is a limit to how far Canada can go in imposing tit-for-tat tariffs. Jeremy Flack, CEO of Flack Global Metals, a U.S.-based steel trader and manufacturer, said the tariffs have led to a pause of orders and reduced demand for steel. "We are not getting any orders. Volumes starting from February have begun to decline," Flack said. ($1 = 1.3674 Canadian dollars) (Additional reporting by David Ljunggren in Ottawa; Editing by Caroline Stauffer; Richard Chang, Andrea Ricci and Sandra Maler) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
2 days ago
- Business
- Hamilton Spectator
Charlotte County community paper relaunches print edition
The Courier is back on stands in Charlotte County, a year after the community paper ceased printing among sales talks. Now owned by local non-profit news station CHCO, the 159-year-old paper has returned June 1 as a monthly free edition distributed in cafes and community centres in Saint Andrews, St. Stephen and St. George. CHCO news director Vicki Hogarth said the station bought the St. Croix Courier in October from former owners Advocate Media, which announced in May last year that the paper, then a weekly with a $1.75 cover price, would stop printing as it explored a sale. The title, now called the Courier, relaunched online as part of CHCO's news offerings and began bringing in new staff, Hogarth said. Then, she said they received a tip from Guy Groulx, now doing layout for the paper, about a short-term federal grant that enabled them to test the waters for a year to determine if there was interest in a print edition. 'It's more to get it in the hands of people who may not go online,' Hogarth said. 'But what we're also finding out is that the paper part has an appeal to people who are online too.' Nathalie Sturgeon joined as the editor, with a team that includes long-time columnist Barb Rayner and cartoonist Ted Michener. The paper will include a mix of paid contributors and volunteers, Hogarth said. 'We're all going to have our hands in both now a little bit, but we've brought in contributors that just do the Courier side of things,' Hogarth said. 'We're growing the team again ... some young, some old.' The station is funded by a mix of grants, donations, advertising partnerships and a weekly bingo show, Hogarth said. The paper, printed by St. Croix Printing, will be funded by the one-year $20,000 grant as well as local ads, with the paper bringing in a local ad sales person and using the distribution network used to circulate bingo cards to local businesses, she said. 'At much as it was sort of a headache to get into uncharted territory for us, it's turning out to make sense for everything we're already doing,' she said. Business challenges in the print newspaper industry were part of Advocate's reason for selling, but Hogarth said it was also because the Nova Scotia-based company was limited in what it could do remotely. She said she hoped that the publication shows that 'local news is possible.' 'From an outsider's perspective, I'm sure it seems crazy but we've really been listening to the community and we know that businesses are willing to support this venture and we know the community has a thirst for it, so here we are,' she said. She said the feedback has been 'incredible' and that there have already been letters of appreciation coming in about the local content. 'Our whole community have had a year to see what it's like to not have a local paper,' she said. 'To see it again circulating, come back from the dead, makes them appreciate so much more the role that news and newspapers have.' Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Cision Canada
26-05-2025
- Automotive
- Cision Canada
Gastops and Leeway Marine Advance Innovative Engine Oil Monitoring System with Successful Field Testing
DARTMOUTH, NS, May 26, 2025 /CNW/ - Gastops is pleased to announce the successful completion of a full season of field testing of an innovative online fluid condition, contamination and wear debris monitoring system, in collaboration with Nova Scotia-based vessel operator Leeway Marine. The monitoring system delivers real-time monitoring of oil condition and contamination in engines, gearboxes, and other critical rotating equipment, enabling predictive maintenance and improving asset reliability across a range of industrial and transportation applications. Over the past year, Gastops and Leeway Marine have worked closely to evaluate prototype monitoring system in real-world marine environments. Test systems were installed aboard Leeway's state-of-the-art hydrographic survey vessel RV Novus, monitoring propulsion engine lubricants continuously throughout the 2024 sailing season. This extensive testing campaign provided critical data and valuable insights into the monitoring system's performance under harsh real-world operating conditions. Based on the findings and feedback from this initial phase, Gastops has upgraded the onboard system to the latest-generation prototype hardware. Leeway Marine will resume testing with the enhanced system during the upcoming 2025 sailing season, while supporting critical species management and hydrographic survey work in the Gulf of St. Lawrence. "Our collaboration with Leeway Marine has been extremely productive," said Brennan West, Vice President, Defence & Aftermarket at Gastops. "Their operational expertise and willingness to test new technology in real-world conditions have been instrumental in advancing the development of the monitoring system. As an organization, Leeway is such an invaluable asset to the Canadian innovation ecosystem. We're grateful for their partnership and commitment to innovation." Leeway Marine praised the collaboration and the potential impact of the monitoring system on the future of marine maintenance. "Gastops has a long-standing reputation for innovation in condition-based maintenance," said Mark Decker, Chief Technical Officer. "Working with their team on the monitoring system trials has given us firsthand insight into a technology that has the potential to fundamentally improve how vessel operators monitor and manage machinery health in real time." About Gastops Gastops is a global leader in intelligent condition monitoring solutions, serving Aerospace, Defence, Energy, and Industrial sectors since 1979. With a comprehensive range of services including online monitoring sensors, modeling and simulation, engineering, design, and MRO services, Gastops enables proactive operating decisions to optimize asset availability, performance, and safety. About Leeway Marine Leeway Marine is a Dartmouth, Nova Scotia-based ship owner and operator, providing at-sea data acquisition, and vessel management services to their clients. Technologically forward-leaning, they are thought leaders in the maritime industry and lead the Royal Canadian Navy's effort to test and evaluate novel maritime technology at sea.
Yahoo
26-05-2025
- Automotive
- Yahoo
Gastops and Leeway Marine Advance Innovative Engine Oil Monitoring System with Successful Field Testing
DARTMOUTH, NS, May 26, 2025 /CNW/ - Gastops is pleased to announce the successful completion of a full season of field testing of an innovative online fluid condition, contamination and wear debris monitoring system, in collaboration with Nova Scotia-based vessel operator Leeway Marine. The monitoring system delivers real-time monitoring of oil condition and contamination in engines, gearboxes, and other critical rotating equipment, enabling predictive maintenance and improving asset reliability across a range of industrial and transportation applications. Over the past year, Gastops and Leeway Marine have worked closely to evaluate prototype monitoring system in real-world marine environments. Test systems were installed aboard Leeway's state-of-the-art hydrographic survey vessel RV Novus, monitoring propulsion engine lubricants continuously throughout the 2024 sailing season. This extensive testing campaign provided critical data and valuable insights into the monitoring system's performance under harsh real-world operating conditions. Based on the findings and feedback from this initial phase, Gastops has upgraded the onboard system to the latest-generation prototype hardware. Leeway Marine will resume testing with the enhanced system during the upcoming 2025 sailing season, while supporting critical species management and hydrographic survey work in the Gulf of St. Lawrence. "Our collaboration with Leeway Marine has been extremely productive," said Brennan West, Vice President, Defence & Aftermarket at Gastops. "Their operational expertise and willingness to test new technology in real-world conditions have been instrumental in advancing the development of the monitoring system. As an organization, Leeway is such an invaluable asset to the Canadian innovation ecosystem. We're grateful for their partnership and commitment to innovation." Leeway Marine praised the collaboration and the potential impact of the monitoring system on the future of marine maintenance. "Gastops has a long-standing reputation for innovation in condition-based maintenance," said Mark Decker, Chief Technical Officer. "Working with their team on the monitoring system trials has given us firsthand insight into a technology that has the potential to fundamentally improve how vessel operators monitor and manage machinery health in real time." About Gastops Gastops is a global leader in intelligent condition monitoring solutions, serving Aerospace, Defence, Energy, and Industrial sectors since 1979. With a comprehensive range of services including online monitoring sensors, modeling and simulation, engineering, design, and MRO services, Gastops enables proactive operating decisions to optimize asset availability, performance, and safety. About Leeway Marine Leeway Marine is a Dartmouth, Nova Scotia-based ship owner and operator, providing at-sea data acquisition, and vessel management services to their clients. Technologically forward-leaning, they are thought leaders in the maritime industry and lead the Royal Canadian Navy's effort to test and evaluate novel maritime technology at sea. View original content to download multimedia: SOURCE Gastops Ltd. View original content to download multimedia: Sign in to access your portfolio
