Saturday, April 18th15.3°C
26072

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

25733


Recent Trending




Today's Market
S&P TSX15360.55-26.22
S&P CDNX702.85-2.74
DJIA17826.30-279.47
Nasdaq4931.81-75.98
S&P 5002081.18-23.81
CDN Dollar0.8169-0.0001
Gold1204.10+6.10
Oil56.14-0.57
Lumber245.50-9.80
Natural Gas2.641-0.043

 
Okanagan Companies
Pacific Safety0.12+0.00
Knighthawk0.010.00
QHR Technologies Inc1.40-0.01
Cantex0.035+0.005
Anavex Life Sciences0.33+0.02
Metalex Ventures0.075+0.030
Russel Metals27.48-0.23
Copper Mountain Mining1.13+0.01
Colorado Resources0.10-0.00
ReliaBrand Inc0.005+0.001
Sunrise Resources Ltd0.04-0.01
Mission Ready Services0.175-0.010
Decisive Dividend Corporation1.80+0.15

 



25250

FEATURED Property
2232466470 Okaview Road
5 bedrooms 4 baths
$2,195,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Calling on your help!

Has the internet flattened prices as predicted? Has the internet created opportunities for your business to find higher priced markets further afield? Is posting prices on your website a good thing o...


Living with Plan B

“It does not do to leave a live dragon out of your calculations, if you live near him.”― J.R.R. Tolkien, The Hobbit Photo: Thinkstock.comHuman beings are optimists by nature. Whether...


Reverse mortgage solution

With the housing and financial markets on solid footing, some retired Canadians may consider cashing in their growing assets to enjoy vacations and major home renovations. Others, on the other hand, a...

_



25633

25221


Member of BC Press Council


25249