Topic
In Business
Business • Manufacturing & Industry
Volkswagen is preparing to introduce a new German remuneration system in 2027 as the automaker and IG Metall enter another collective bargaining round. The changes follow a major 2024 agreement aimed at reducing labour costs while restructuring working conditions and wages.
Business
Ottawa’s proposed Productivity Mega Deduction would let businesses immediately deduct the full cost of a wider range of eligible capital investments. The measure would expand immediate expensing from roughly 15% of investment to about two-thirds, potentially improving business cash flow and encouraging spending on technology, equipment and expansion. Ottawa estimates the proposal would cost $36 billion over five years.
Business
Canada is taking a major group of defence and technology organizations to Poland as it looks to expand exports, strengthen industrial partnerships and open new European market opportunities. More than 200 organizations and nearly 500 delegates will join Canada's trade mission to MSPO 2026.
Business
GM Canada will add next-generation GMC Sierra HD production at Oshawa Assembly as planned investments in Oshawa and St. Catharines reach about C$1.4 billion over three years. The total combines new and previously announced commitments, including new funding for Sierra HD production and a next-generation transmission. The agreements also cover more than 4,600 Unifor members.
Business
Canada has announced $7.5 billion in new and enhanced support for workers and businesses affected by U.S. tariffs. The package includes help for small businesses, financing, diversification, workers and employers, while counter-tariffs on selected U.S. imports are set to begin September 8.
Business
Three Burlington companies will share $7.5 million in federal support for projects spanning aerial imaging, elevator manufacturing and AI-powered infrastructure inspection. The funding backs larger expansion plans at PV Labs, Modern Elevator Innovations and Spatial Data Analytics, with Ottawa positioning the investments as a way to strengthen Canadian production, technology commercialization and business competitiveness. across southern Ontario.
