Canadian Plastics

Category
Economy

News
October 23, 2020  

U.S. plastics industry reports another year of trade surplus

Mexico and Canada remain the U.S. plastics industry’s largest export markets, the new report from the Plastics Industry Association says.

News
October 22, 2020  

Both Biden and Trump victories present implications for Canada’s economy, new report says

The report from RSM Canada concludes that no matter the outcome of the U.S. presidential election, Canada’s recovery from wave two of the coronavirus pandemic and its longer-term outlook will be impacted.

Feature
October 21, 2020  

What will the 2020 elections mean for U.S. energy?

Ten key issues to watch, according to global energy consultancy group Wood Mackenzie.

News
October 7, 2020  

Canadian small business owners cautiously optimistic about the future, Scotiabank report says

Forty per cent of small business owners are either “very” or “extremely” optimistic about the future of their business, Scotiabank said.

News
September 30, 2020  

Plastics industry 8th largest in U.S., new report says

The plastics industry is a key part of the American economy, the report from Plastics Industry Association said, accounting for an estimated $432 billion in shipments and over a million workers in 2019.

News
September 28, 2020  

Fewer business closures, more openings in June compared with May: StatCan

The trend in June held true in every province and territory except Quebec, which had a two per cent increase in business closures compared with the previous month.

News
September 18, 2020  

Retail sales rose 0.6% in July, Statistics Canada says

Sales were up in six of 11 subsectors in July with the motor vehicle and parts dealers subsector contributing the most to the increase.

News
September 8, 2020  

Ontario announces $37 million for training in advanced manufacturing, other industries

The funding will support 86 projects and provide training in high-demand skills to more than 15,000 people.

News
September 2, 2020  

Ford preparing to cut 1,000 salaried jobs in North America, report says

The job cuts are aimed at improving the automaker’s efficiency and are not related to rising costs from the COVID-19 pandemic, the news report from Bloomberg said.

News
September 1, 2020  

North American plastics machinery shipments up in Q2, report says

The preliminary estimate of shipments value from reporting companies totaled a 4% increase over the first quarter of 2020, the Plastics Industry Association says, when shipments decreased 19.8% from the previous quarter.

News
September 1, 2020  

Ontario investing $9.3M in automotive and advanced manufacturing skills training

The innovative projects will train and re-train thousands for in-demand jobs.

News
August 28, 2020  

Canadian economy posted record drop in Q2 due to COVID-19, StatCan says

The decline is the steepest since quarterly data were first recorded in 1961, with almost every single component of the economy that works into calculating GDP at its lowest point over April, May, and June.

News
August 26, 2020  

Big majority of small business owners still worry about economy, survey finds

Also, sixty per cent of respondents to the latest Canadian Federation of Independent Business survey say they fear consumer spending will stay low even after the COVID-19 pandemic ends.

News
August 26, 2020  

Heavy truck sales in Canada should rebound quickly, report says

The Canadian heavy truck industry has been hit hard by the COVID-19 pandemic, a new report from Scotiabank says, but sales should shift back into positive growth territory in 2021.

News
August 24, 2020  

Manufacturing sales up 8.7 per cent in July, StatCan says

The preliminary estimate for July compared with a record 20.7 per cent gain seen in June as factories continued to ramp up production.

News
August 19, 2020  

Ontario opens new O-AMP funding round for auto parts companies

The province is making available $10-million in additional funding for applications for the Ontario Automotive Modernization Program, which provides auto parts companies with funding to invest in new technologies and innovation.

News
August 10, 2020  

Windsor-Essex moving into Stage 3 of Ontario’s reopening plan on Aug. 12

COVID-19 outbreaks among migrant workers on farms in the region had previously held Windsor-Essex back from Stage 3.

News
August 5, 2020  

Canadian auto sales posted another rebound in July, Scotiabank says

U.S. auto sales also continued to climb back in July, Scotiabank reported in its latest Auto News Flash.

News
August 5, 2020  

Small business sales struggle after COVID-19 reopening, CFIB survey says

Only one in four small businesses in Canada are back to making normal sales and only 39% are fully staffed, the CFIB survey shows.

News
August 4, 2020  

CECRA rent relief program extended another month

To receive the rent assistance, businesses will not have to prove a 70% decline in sales for July or August, but will have to show a 70% revenue shortfall that qualified them for CECRA in April, May, and June.