Long-term economic strain from tariffs likely: BMO report
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Editor's Note 
 
Hello, manufacturers! As you probably know, SRED updates are on the horizon - find a rundown of what this means for you and your business in the features section below. And, the 2026 Advanced Mfg Outlook Report launches Oct 10. Stay tuned!
- Kirstyn Brown, Editor, Plant Magazine
 
News 
 
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BMO sees long-term economic damage even from optimistic tariff scenario

The report by BMO said that even the more optimistic scenario of tariffs staying at the roughly seven per cent level could mean a 1.5 per cent drop in long-term GDP, compared with the outlook at the start of the year.


Canada invests $22M to advance battery innovation and production

According to the government, global battery demand is expected to increase nearly 150-fold between 2022 and 2050.


Quebec law to promote the sustainability of goods comes into force

Quebec’s right-to-repair law, part of the province’s amendments to its consumer protection law, will require retailers and manufacturers to disclose whether replacement parts and repair services are available and maintenance information is made clear ahead of a sale.


Boeing invests $110M in Quebec aerospace innovation

Aéro Montréal said that over the past year, Boeing and local stakeholders collaborated to define the investment strategy and finalize the agreement.


 
SPONSORED SPOTLIGHT 
 
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Safe and Efficient Air Nozzles

EXAIR’s engineered Air Nozzles and Jets reduce noise levels and air costs. “Go Green” by upgrading your blowoff, cooling, and drying operation to our award winning Super Air Nozzles. They provide incredibly strong blowing force, ideal for part ejection as well as blowoff, cooling and drying applications. Available in zinc aluminum alloy, brass, type 303 and 316 stainless steel and peek (plastic). Available in many sizes with force from 2 ozs to 23 lbs. » Learn more online…
 
Features 
 
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SR&ED updates: What the proposed changes could mean for Canadian manufacturers

Draft legislation could soon expand Canada’s SR&ED tax incentive program, making it easier for manufacturers to access refundable tax credits for R&D, capital equipment, and lease costs. » Read More...
 
 
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