Ontario preparing students for jobs of the future
The Ontario government has announced that it is implementing a new high school graduation requirement to help better prepare students across our province for the jobs of tomorrow. Starting with students entering Grade 9 in September 2024, all students will now be required to earn a Grade 9 or 10 Technological Education credit as part of their Ontario Secondary School Diploma. “This is fantastic news! For decades, the CTMA has been advocating for compulsory technology courses in order for students to receive their high school diploma here in Ontario," said Robert Cattle, executive director. "I know that the
Burloak Tool acquires Armactool
Burloak Tool has announced the acquisition of Armactool, a tool & die plant in St. George, Ont. Since the December acquisition, Burloak Tool has successfully integrated the two businesses under the Burloak Tool brand and welcomed all Armactool employees to the Burloak team. Armactool has provided quality tooling to blue chip manufacturers for more than 20 years. In that, their mission has been to produce quality tooling, delivered on time at a competitive price. Their mission aligns with the values and standards that Burloak Tool has demonstrated for more than 40 years. With the ability to optimize across both plants,
BIG DAISHOWA introduces Mega 12DS power chuck for heavy-duty end milling
BIG DAISHOWA has announced a new addition to the Mega double power chuck lineup for heavy-duty end milling: the Mega 12DS. Designed for trochoidal milling with anti-vibration end mills, the Mega 12DS series features high rigidity and gripping strength and is available in BBT30/40, HSK-A, C for metric and BCV40 for inch. The Mega double power chuck system features an expanded contact diameter of the nut to the flange, which provides the highest rigidity—as if the chuck and nut were one solid piece. This superior rigidity ensures heavy duty machining without chatter. The Mega Series high-speed milling chucks are
Check out WMTS May 30 to June 1
The Western Manufacturing Technology Show (WMTS) will take place from May 30 to June 1, 2023, and is being held at the Edmonton EXPO Centre, in Edmonton, Alta. CTMA members receive a 10% rebate on booth space when exhibiting at WMTS, CMTS and/or MMTS. WMTS has been the premier event for 30+ years, attracting Western Canada's top manufacturers in search of new ideas, solutions, and suppliers. The event showcases the latest in machine tools & tooling, metalworking, and advanced manufacturing. Attendees access invaluable insights from keynote speakers specifically selected for the market, and valuable face-to-face networking opportunities with industry leaders.
Ontario introducing new investment tax credit for manufacturing sector
To attract additional investment in the province’s economy, the Ontario government has announced plans for a new Ontario Made Manufacturing Investment Tax Credit to help local manufacturers grow, innovate, become more competitive and create jobs. Submitted photo To attract additional investment in the province’s economy, the Ontario government has announced plans for a new Ontario Made Manufacturing Investment Tax Credit to help local manufacturers grow, innovate, become more competitive and create jobs. As part of the upcoming 2023 Budget, the government will propose legislation that would, if passed, create a new 10 per cent refundable corporate income tax
Finding the right type of financing for your business projects
The growth of your business depends on accessing the money you need for your day-to-day operations and expansion projects. To ensure the sound financial management and successful growth of your company, it’s essential to match the projects you’re planning with the right kind of financing. Josée Quevillon, assistant vice president, financing products and strategy, at BDC, offers her thoughts on how different financing products and correspond to the major projects you will take on. Real estate: A commercial mortgage Whether constructing a building or buying an existing one, you will likely need to get a commercial mortgage to pay for