Category
Economy
Ontario regions of Toronto, Peel moving to Stage 3 on July 31
Windsor-Essex region will remain in Stage 2, the Ontario provincial government said.
U.S GDP falls by 9.5 per cent in second quarter
The drop is the largest quarterly drop in recorded history.
Orders for big ticket manufactured goods in U.S. up 7.3% in June
The U.S. Commerce Department said that the June gain in durable goods orders follows an even bigger 15.1% increase in May.
Retail sales bounced back 18% in May, StatCan says
Sales of cars and car parts saw a 66% increase in sales during May, the agency said.
Canadian Plastics podcast: Resin supply, demand and pricing during COVID-19, Part 5: Engineering resins
Resin supply, demand and pricing during COVID-19 – A…
Canadian Plastics podcast: Resin supply, demand and pricing during COVID-19, Part 4: PVC
Resin supply, demand and pricing during COVID-19 – A…
Canadian Plastics podcast: Resin supply, demand and pricing during COVID-19, Part 3: Polystyrene
Resin supply, demand and pricing during COVID-19 – A…
Canadian small business confidence up slightly in June, CFIB survey says
Small business confidence rose slightly in June to 54.6 points on the Canadian Federation of Independent Business Business Barometer, two points higher than May’s reading but still well below historical norms.
Scotiabank accepting applications for next phase of CEBA program
This third phase has expanded eligibility that enables broader groups of businesses to apply for financial relief.
Pace of the decline in global auto sales “moderated” in May, report says
The latest Global Auto Report from Scotiabank says that a slow climb back has begun for global auto sales.
Toronto, Peel Region entering Stage 2 of Ontario’s restart phase
Windsor-Essex remains the only region not cleared to move to the next phase, due to high COVID-19 case numbers on farms in the region.
COVID-19 is hurting demand for PET, report says
Lockdowns and restrictions are dampening demand for PET in what should be a season of high demand, according to a new report from an analyst at ICIS.
Moldmakers predict 25% drop in revenue from original 2020 forecasts, survey shows
Die builders and die casters are expecting the most significant drop, the survey conducted by Harbour Results Inc. says, followed by stamping, molding, and mold builders.
U.S. retail sales soar 17.7% in biggest monthly increase ever
U.S. retail sales had been expected to rise by about 8.5% per cent in May.
Manufacturing sales see largest-ever drop in April: StatCan
The April decline was much deeper than many analysts had been expecting.
Forty-four per cent of small firms now fully open, CFIB says
A new survey by the Canadian Federation of Independent Business finds that 44% of Canada’s small businesses are now fully open, up from 38% two weeks ago.
Chemical industry faces volatile backdrop on road to recovery
The coronavirus crisis may simply accelerate key macro trends…
Quebec tables bill to boost economy by fast-tracking major projects
The stimulus Bill 61 would allow projects to move ahead and bypass certain rules under the Environment Quality Act.
Plunge in Canadian auto sales decelerated in May, Scotiabank says
U.S. auto sales also saw a smaller decline in May, according to Scotiabank’s latest Auto News Flash.
Global polyester production is expected to decline by more than half a million tonnes this year, report says
The knock-on effects will also hit global demand for polyester’s key raw materials paraxylene and PTA in the coming years, the new report from Wood Mackenzie said.
