Topic: automotive sector

The Short Report, October 30, 2019: Bad loans, rocket propulsion, population growth

The Atlantic Canada Opportunities Agency (ACOA) is contending with defaulted loans worth $43.2 million dollars, comprising more than 10% of the federal agency’s $422.9-million portfolio. By comparison, only 3.3 per cent of the loans given out by the Business Development Bank of Canada were impaired as of March 31. – Financial Post University of Toronto’s seed-stage accelerator…

Automotive firms receive $100 million from new SIF

Guelph ON-based Linamar Corp has received $49 million from the new Strategic Innovation Fund (SIF) to develop its advanced manufacturing capabilities around artificial intelligence and 3D printing, and cleaner automotive technologies. The $1.26-billion fund was announced in Budget 2017 and bundles several existing programs to support a range of high-growth and innovative sectors – such…