TORONTO—Canada’s economy began 2017 on a tear, building on momentum from the end of last year that is being led by manufacturers and oil producers. Gross domestic product increased 0.6 percent in January, doubling economist expectations of 0.3 percent growth. From a year earlier, output was up 2.3 percent—the most since the start of 2015.
WASHINGTON—President Donald Trump ordered on Friday a comprehensive study to identify every form of “trade abuse” that contributes to U.S. deficits with foreign countries. “The theft of American prosperity will end,” Trump said at an Oval Office ceremony announcing the study, along with another directive to step up enforcement of existing trade penalties.
FORT WAYNE, IN—Faurecia Clean Mobility, a global manufacturer of automotive emissions control systems, will invest $4 million to build a new assembly plant here, creating up to 144 new jobs by 2018.
WASHINGTON—Output at U.S. manufacturers rose in February for a sixth consecutive month, underscoring a sustained rebound in the industry. The 0.5 percent gain at factories, which make up 75 percent of overall industrial output, matched the prior month’s advance, marking the best back-to-back performance in three years, according to the Federal Reserve.
MUNICH—Production at BMW’s assembly plant here came to a standstill for almost an hour after two workers passed out during their shift due to alcohol and drug consumption.
LEETONIA, OH—Humtown Products, a manufacturer of sand cores and molds, has installed a $1 million 3D sand printer at its factory here. The machine operates like 3D printers for resin, creating molds for metal casting by “printing” layers of fine sand.
AURORA, ON—Magna International Inc.—North America’s largest auto parts maker—said a border adjustment tax being studied by President Trump would probably hurt the automobile industry, while also increasing the odds that future factories will be located in the U.S.
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