Thursday, October 30th5.8°C
23696
23883

Canada's space industry faces challenges penetrating global markets: study

MONTREAL - A new study says Canada has experienced a small bounce in its space competitiveness and retains a skilled workforce but is still facing future challenges.

It's one of the observations made by U.S.-based space forecaster Futron Corporation in its 2014 space competitiveness index.

A Futron official says Canada still hasn't penetrated international markets to the extent it could, even though it has a reputation as a country that is easy to work with.

Futron also questions whether increased levels of funding for Canada's RADARSAT Constellation Mission are sustainable.

The final development costs for the Canadian Space Agency-led project have already jumped to more than $1 billion from $600 million.

An official at the space agency says there will be no response to the report.

The $1 billion includes a $706-million contract that was signed with Macdonald, Dettwiler and Associates Ltd. (TSX:MDA) in January 2013 to build the three satellites, launch them in 2018 and operate them for the first year.

Futron Corporation collects data for the 15 leading space industry players, including Canada.

The Canadian Press


Read more Business News

23028


Recent Trending




Today's Market
S&P TSX14431.60-95.971
S&P CDNX774.28-6.79
DJIA17092.54118.23
Nasdaq4534.652-14.574
S&P 5001982.73+0.43
CDN Dollar0.8935-0.0006
Gold1202.20-22.7001
Oil81.13-0.83
Lumber322.50+0.90
Natural Gas3.715+0.066

 
Okanagan Companies
Pacific Safety0.12+0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.15+0.02
Cantex0.055-0.005
Anavex Life Sciences0.180.00
Metalex Ventures0.03-0.005
Russel Metals32.32-0.25
Copper Mountain Mining1.96-0.06
Colorado Resources0.125-0.01
ReliaBrand Inc0.012-0.004
Sunrise Resources Ltd0.025+0.005
Mission Ready Services0.35-0.02

 





FEATURED Property
1981453116 - 600 Sarsons Road
2 bedrooms 2 baths
$379,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Empty nesting: financial issues

Now that the children have ‘left the nest’, it is a good time to step back and take stock of your financial situation. Being on your own will probably cut household costs to some extent, b...


Keep your haunted home safe

Eerie sounds, spooky lights and Jack-o’-lanterns aglow—extra efforts at Halloween will keep visitors coming back for both tricks and treats. However, to keep the fun going, it’s imp...


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...

_








Member of BC Press Council


22771