Royce Canada will reportedly supply the OK-410 Handling and Stowage Group system to the U.S. Navy’s Naval Undersea Warfare Centre (NUWC).

The Canadian dollar has been trading below 70 cents US in recent weeks and is nearly four per cent below where it was in September.

Nissan and Honda said they had signed a memorandum of understanding on Dec. 23 and that Mitsubishi Motors Corp. also had agreed to join the talks on integrating their businesses.