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Five Ontario companies honoured for innovation

The Canadian Manufacturers and Exporters' innovation awards recently recognized a number of Toronto businesses. As reported by the Toronto Star, Toronto-based bicycle frame-manufacture Cervelo and Kitchener-based Christie Digital were among the 7 companies recognized for the prestigious national award this year.

"Five of the seven companies being recognized are from Ontario, including one to be honoured for hiring practices and another for philanthropy."

"It has not been a great year, but I think the companies we have in Canada that are still in business are very resilient," said CME spokesman Jeff Brownlee."

"Between August 2008 and August 2009 Canada's manufacturing exports fell 32 per cent, with sales down 20 per cent and job losses topping 200,000, according to a CME report. "

Despite having to adapt, many CME members are starting to see light at the end of the tunnel, Brownlee said. "It is not all doom and gloom, there are some great stories out there."

read full story here
original source the Toronto Star
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