Category
Economy

Deal on USMCA trade pact reached by Trump, Democrats

House Democrats have reached an agreement with the Trump Administration over the new North American deal, which replaces NAFTA.

Primary plastics machinery shipments in North America down in Q3

Compared to last quarter, total shipments of injection molding and extrusion machinery dropped by 0.5% to US$293.7 million in the third quarter of 2019, new figures from the Plastics Industry Association show.

U.S. industry group wants tariffs on Chinese molds reinstated

The American Mold Builders Association has formally asked the Office of the U.S. Trade Representative to bring back the 25 per cent tariff, which was put on hold last December.

Canadian auto sales dipped again in October, report says

Auto sales fell back modestly by 0.6% year-over-year in October, a new report from Scotiabank says, with flat fleet sales providing little offset to a continued decline in retail performance.

North American robot sales up in 2019

According to new figures from the Robotic Industries Association, the largest driver of this growth was an increase in orders from automotive OEMs, followed by plastics and rubber, and food and consumer goods.

Canadian manufacturing sales down slightly in September, StatsCan says

Sales in the machinery industry increased 5.5 per cent to $3.7 billion, however, which was the largest monthly increase since May 2018.

Canadian auto sales fell back “modestly” in October, report says

U.S. auto sales also posted a decline in October, according to a new report from Scotiabank.

North America automotive tooling spend to drop to US$6.8 billion, report says

The key factor driving this reducing tooling spend is the decreased number of North American vehicles that will be sourced for production in 2020, the report from Harbour Results says.

U.S. plastics industry maintained trade surplus in 2018, reports say

The size of the U.S. plastics industry expanded in 2018 while also maintaining a trade surplus of $500 million as consumption of plastics products continued to grow in the U.S., according to two new reports from the Plastics Industry Association.

Canadian auto sales posted modest increase in August, report says

U.S. auto sales also grew at a robust rate in August, according to the latest Auto News Flash from Scotiabank.

N. American plastics machinery shipments up in Q2, report says

Statistics compiled and reported by the Plastics Industry Association’s Committee on Equipment Statistics says that plastics machinery shipments increased 8.2% in Q2 2019, following a 27.6% decrease in Q1.

Canadian wage growth climbs to highest mark since 2009: StatsCan

But the unemployment rate moved up to 5.7% as Canada shed 24,200 jobs, the agency also said.

Canadian auto sales picked up in July: Scotiabank

But U.S. auto sales decelerated in July, a new Scotiabank report says, as volatility in that market continues.

North American tooling industry continues to slow: report

North American capacity utilization at its lowest mark since 2016, the Q2 2019 Automotive Tooling Barometer Survey says.

Ford cutting 200 jobs at Oakville, Ont. auto assembly plant

In a statement, Ford said the layoffs are the result of a “long-standing practice of matching production with consumer demand.”

Canadian auto sales fell in June, Scotiabank says

U.S. auto sales continued its above-trend growth in June following an equally strong performance in May, according to Scotiabank’s latest Auto News Flash.

Downturn in global auto sales continued in May: Scotiabank

The Canadian auto sales rate ticked up marginally in May, Scotiabank’s latest Global Auto Report said, but the decline on a year-over-year basis continued.

Canadian government to ban single-use plastics

Plastics machinery shipments declined in early 2019

While 2018 ended with strong plastics machinery shipments in North America, 2019 has started soft, according to new figures from the Plastics Industry Association’s Committee on Equipment Statistics.

U.S. lifts steel and aluminum tariffs on Canada and Mexico

After having been in place for almost a year, the tariffs – 25 per cent on imports of steel and 10 per cent on aluminum – will be removed by May 19.