Canadian Plastics

Category
Economy


October 16, 2017 News

Capital investment in Canada’s auto sector well below pre-recession levels: report

by Canadian Plastics

The report from DesRosiers Automotive Consultants says investment has been almost cut in half, noting “Canada’s loss of investment market share to Mexico and the southern U.S. over this period has been well documented.”

October 6, 2017 News

Canada’s trade deficit increased to $3.4 billion in August: StatsCan

by Canadian Plastics

The trade surplus with the U.S. narrowed to $2.3 billion in August, StatsCan said, but the country’s trade deficit with countries other than the U.S. slipped to $5.7 billion.

October 3, 2017 News

Canadian vehicle sales remained “hot” in September: Scotiabank

by Canadian Plastics

U.S. purchases rebounded to a cycle-high in September, Scotiabank said.

October 2, 2017 News

Plastics Industry Association likes Republican tax reform plan

by Canadian Plastics

In particular, the Association supports the plan’s lower corporate tax rate, immediate expensing of capital investments, and the preservation of the research and development tax credit.

October 1, 2017 News

Canadian manufacturing growth improves in September: report

by Canadian Plastics

Manufacturers are also more confident about the year ahead business outlook than at any time since April, the Markit Canada Manufacturing Purchasing Managers’ index report said.

September 25, 2017 News

NAFTA benefits Canadian and U.S. auto sector, not just Mexico’s: report

by Canadian Plastics

In Canada, auto industry output is advancing nearly four times faster than the overall growth rate of manufacturing as a whole, the new report from Scotiabank said.

September 21, 2017 News

Plastics machinery shipments up in Q2 2017: report

by Canadian Plastics

The shipments value of injection molding machinery increased 9 per cent in Q2, the shipments value of single-screw extruders declined by 16 per cent, the shipments value of twin-screw extruders jumped 56 per cent, and the shipments value of blow molding machines slipped down by 2 per cent in Q2, the report said.

September 6, 2017 News

Record-setting Canadian vehicle sales continued in August: Scotiabank

by Canadian Plastics

U.S. fleet volumes began to stabilize from the double-digit decline of recent months, Scotiabank also said.

September 4, 2017 News

Global auto sales to set eighth consecutive annual record in 2017: report

by Canadian Plastics

The expanding global economy is leading to a re-acceleration in global auto sales, Scotiabank’s latest Global Auto Report said, and this economic growth is also lifting purchases in Canada

September 1, 2017 News

Economy grew by 4.5 per cent in Q2 2017: StatsCan

by Canadian Plastics

Canada’s gross domestic product grew by 1.1 per cent between March and June, an improvement from the 0.9 per cent growth seen in the previous three-month period, the agency said.

August 7, 2017 News

GM gains, Nissan slips in annual OEM-supplier relations study

by Canadian Plastics

Results of the new 17th annual North American Automotive OEM-Supplier Working Relations Index study revealed that GM now ranks ahead of Fiat-Chrysler US, Ford and Nissan, which is now in last place.

August 2, 2017 News

Canadian production rises at fastest pace since March: report

by Canadian Plastics

At the same time, input cost inflation moderated to a nine-month low, with manufacturers attributing this to a stronger exchange rate against the U.S. dollar, the report by IHS Markit said.

July 30, 2017 News

Milacron reports slight sales increase in Q2 2017

by Canadian Plastics

But operating earnings for the Cincinnati, Ohio-based company for the second quarter of 2017 decreased 19.9% to US$28.6 million compared to operating earnings of US$35.7 million in the prior year period.

July 29, 2017 News

Dow reports sales increase in first half of 2017

by Canadian Plastics

On the cusp of its merger with DuPont Co., chemical giant Dow Chemical Co.’s sales increased to US$13.8 billion in the first half of 2017, up 16 per cent year-over-year.

July 24, 2017 News

CME asks Ontario government to rethink workplace reforms

by Canadian Plastics

In a July 20 statement, the Mississauga, Ont.-based CME cautioned that the proposed reforms included in the “Fair Workplaces, Better Jobs Act” – including the controversial plan to raise minimum wage to $15 an hour by 2019 – could have unintended consequences affecting the competitiveness of the manufacturing sector and discouraging investments in Ontario.

July 10, 2017 News

North American plastics groups outline goals for NAFTA modernization

by Canadian Plastics

After a summit in held Mexico City on July 5, the heads of the U.S.-based Plastics Industry Association, the Canadian Plastics Industry Association, and Mexico’s Asociación Nacional de Industrias del Plástico AC released a joint statement opposing new tariffs and supporting greater harmonization of regulations.

July 5, 2017 News

Record vehicle sales in Canada in June: Scotiabank

by Canadian Plastics

In the United States, meanwhile, most automakers reported better-than-expected sales last month, as demand continues to shift to crossovers, SUVs and pickup trucks, Scotiabank said.

June 18, 2017 News

Six Quebec aerospace companies get federal funding

by Canadian Plastics

The six companies, which provide aerospace parts and services, will benefit from funding announced by Canada’s innovation minister at the Paris Air Show.

June 7, 2017 News

N. American tooling industry experiences slight dip in Q2 2017

by Canadian Plastics

But shops still remain “very optimistic” about the next three months, a new report said.

June 1, 2017 News

Canadian vehicle sales set a record for the month of May: StatsCan

by Canadian Plastics

Most automakers exceeded expectations last month, StatsCan said, but sharp double-digit declines in fleet deliveries from several manufacturers reduced industry volumes.