Caterpillar welcomes new chairman and CEO – industry news for April 22, 2025
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Editor's Note 
 
Hi, this is editor Mike Lacey with your roundup of news from across Canada’s rental industry.
- Mike Lacey
 
News 
 
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Caterpillar welcomes new chairman and CEO

After eight years as CEO and nearly 45 years of service, Caterpillar Inc. chairman and CEO D. James Umpleby III will become executive chairman of the Board effective May 1.


Bank of Canada holds policy rate amid economic uncertainty

The Bank of Canada maintains its target for the overnight rate at 2.75 per cent, with the Bank Rate at three per cent and the deposit rate at 2.70 per cent.


A rental business sale or transition takes years and specialized knowledge

Over three-quarters (76 per cent) of small to medium business owners are planning to exit their business in the coming decade, according to 2023 research by the Canadian Federation of Independent Business (CFIB).


Employment falls in March 2025

Statistics Canada Labour Force Survey released. According to Stats Can, employment fell by -0.2 per cent in March and the employment rate declined 0.2 percentage points to 60.9 per cent.


 
Sponsored Spotlight 
 
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Alberta Equipment Expo: Where innovation meets industry

For the first time ever, the Alberta Equipment Expo will bring together Western Canada’s leading energy, technology, and infrastructure sectors! Join us at the Edmonton Expo Centre, April 24 and 25, and discover cutting-edge equipment and services from top companies. Network with industry leaders and make important business decisions.

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FEATURED NEWS 
 
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Editorial: Uncertainty can bring new opportunities

What a difference a few months make. Half a year ago, I was inundated with press releases and white papers detailing how the global construction equipment industry would experience tremendous levels of growth over the next decades. » Read More...
 
 
Sponsored Spotlight 
 
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Skyjack’s Mighty Micros, now with optional XStep.

Skyjack's new micro scissor range now has XStep as an available option, which is ideal for easy accessibility into tight spaces. These new micros have been designed to fit most passenger-style elevators while still providing a substantial work area. The SJ3213 micro and SJ3219 micro remain simply reliable, combining low cost of ownership with Skyjack’s renowned product support.

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JOB BOARD 
 

Journeyman Plumber

Regina, Sask. – Living Sky Refrigeration. » Apply today

Apprentice Plumber

Calgary, Alta. – Retro Mechanical. » Apply today

Apprentice Electricians

Limehouse, Ont. – Premier Electrical Contractors Inc. » Apply today

 
Events 
 

Alberta Equipment Expo 2025

April 24, 2025 | Edmonton, Alta. » Read More...

CCOHS Forum 2025

May 27, 2025 | Calgary, Alta. » Read More...

Canadian Rental Mart

September 30 - October 1, 2025 | Toronto, Ont. » Read More...

The Utility Expo

Oct. 7 - Oct. 9 2025 | Louisville, KY. » Read More...