Canadian Plastics

Category
Economy


February 4, 2018 News

Record-setting vehicle sales resumed in Canada in January: report

by Canadian Plastics

But daily rental volumes dampened U.S. sales, the report from Scotiabank said.

January 30, 2018 News

Ninth consecutive global sales record expected in 2018: Scotiabank

by Canadian Plastics

Stronger economic growth and replacement demand are expected to drive sales higher in North America and Western Europe, a new Scotiabank report said.

January 24, 2018 News

International Monetary Fund raises outlook for Canadian economy

by Canadian Plastics

Citing the U.S. tax cuts passed last year, the IMF boosted its projections of Canada’s economic performance for 2018 and 2019.

January 22, 2018 News

Red tape costs Canadian businesses $10 billion per year: study

by Canadian Plastics

Canada’s businesses are being strangled by stringent and often unnecessary regulation, a new report from the Canadian Federation of Independent Business says.

January 22, 2018 News

Manufacturing sales hit record high in November: StatsCan

by Canadian Plastics

Statistics Canada said 12 of 21 industries, representing 81 per cent of the manufacturing sector, gained ground in November. Manufacturing sales volumes rose 2.5 per cent for the month after higher petroleum prices and other price changes were removed.

January 14, 2018 News

Fiat Chrysler moving heavy-duty truck production from Mexico to Michigan

by Canadian Plastics

The Italian-American automaker will invest US$1 billion in its Warren, Michigan truck assembly plant to make the Ram Heavy Duty Truck starting in 2020.

January 10, 2018 News

Canadian automotive sector will face decreasing demand, report says

by Canadian Plastics

A Conference Board of Canada report predicts that dwindling demand in the U.S., reduced interest in vehicle ownership by American millennials, and the aging of baby boomers will result in a decline in Canadian automotive exports over the next five years.

January 5, 2018 News

Annual Canadian vehicle sales surpass 2 million units for the first time ever: Scotiabank

by Canadian Plastics

U.S. purchases continue to exceed expectations, keeping full-year 2017 sales above 17 million units for a record third consecutive year, the bank also said.

December 17, 2017 News

Manufacturing sales down in October: Statistics Canada

by Canadian Plastics

Sales fell in 8 of 21 industries, StatsCan said, representing 56 per cent of the manufacturing sector.

December 8, 2017 News

North American auto production begins to rebound: Scotiabank

by Canadian Plastics

Global sales gains were moderate, Scotiabank said, as purchases decline temporarily in Asia.

December 4, 2017 News

Canada’s record-setting vehicle sales pace “likely ended” in November: Scotiabank

by Canadian Plastics

Based on available data, Scotiabank’s latest Auto News flash says that Canadian sales declined two per cent year-over-year in November, ending the six-month streak of monthly records.

November 26, 2017 News

Canadian mid-market firms export significantly less than their global peers: report

by Canadian Plastics

Mid-market enterprises in Canada contribute $350 billion to the economy and directly employ almost 25 per cent of Canadians, the report from HSBC also says.

November 13, 2017 Feature

DMS executive gets the Red Carpet treatment in Georgia

by Canadian Plastics

Mike Hicks, vice president of Windsor, Ont.-based mold component supplier DMS Components, spent a memorable four days as a guest at the invitation-only Red Carpet Tour in April 2017, an event designed to showcase Georgia’s attractiveness for new business investment.

November 6, 2017 News

Plastics Industry Association likes GOP tax reform package

by Canadian Plastics

The Plastics Industry Association, the leading plastic industry group in the U.S., has come out in favour of the Republican’s new tax reform proposal, in particular its lower corporate tax rate. In a Nov. 2 statement, Plastics Industry Association president

November 5, 2017 News

Record-setting vehicle sales continued in October: Scotiabank

by Canadian Plastics

U.S. purchases defied expectations, Scotiabank also said, remaining at an annualized 18 million units last month.

October 31, 2017 News

Global auto sales accelerated during the summer: Scotiabank

by Canadian Plastics

Global car sales accelerated through the summer, a new report from Scotiabank said, with volumes advancing 4.5% above a year earlier in August, double the growth of the previous three months.

October 30, 2017 News

Steady economic growth expected in Canada in 2018: BMO

by Canadian Plastics

Canada’s economy is on pace to match the best annual growth performance since the Great Recession, a new report from BMO Capital Markets Economics and BMO Commercial Banking said, with real GDP likely to expand 3.1% this year, up from 1.5% in 2016.

October 20, 2017 News

Manufacturing sales up in August: StatsCan

by Canadian Plastics

The transportation equipment and petroleum and coal product industries post the largest gains, the agency said.

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.