Otto Schmidt, a young and
highly skilled German engineer, immigrated to Canada in 1929 and was quickly hired
by Northern Electric as a toolmaker and tool designer.
1943, he founded Canadian Tool Engineering Co., which has now supplied tools and
toolmaking services to the North American cable and plastics industries for six
decades. In 1963, the shop moved from its original location in downtown Montreal
to a new building in Montreal North. A federal charter was granted to the company
as Canadian Tool Engineering Ltd. in 1978.
serving three years in the Air Force, Fred Schmidt, Otto's son, joined the firm
as an apprentice toolmaker in 1959. Fred learned the toolmaking trade under his
father's expert supervision. By 1969, Fred had become a master toolmaker and was
also the business manager for the company. Otto was still enjoying twelve-hour
workdays in the shop right up until his passing that year at the age of 76.
remains as a consultant to Canadian Tool, but he transferred control of the majority
of the business to his son Ken in 1997. Ken Schmidt, Ph.D. (Chemistry), is now
president Canadian Tool (9055-1425 Quebec Inc.), a Quebec charter.