Category
Economy


May 22, 2020 News

OPINION: The chemical industry’s response to a crisis while in crisis

by Dean Curtis, president and CEO of ICIS

In recent months, it has never been clearer just how important and responsive this industry is when faced with a global health crisis.

May 14, 2020 News

Canadian small business confidence on the rise, but half are still in bad shape: CFIB

by Canadian Plastics

Severe operating challenges remain, but Canada’s small business sentiment improved in early May, according to new figures from the Canadian Federation of Independent Business.

May 14, 2020 News

Plastics and composites will maintain growth trajectory through 2020 despite COVID-19, report says

by Canadian Plastics

Despite the impact of the COVID-19 pandemic across industries, the demand for modular building materials and advanced admixtures will propel the construction chemicals segment, according to a new report from Frost & Sullivan.

May 14, 2020 News

Oil supply cuts could curtail 15% of ethylene supply in Middle East, analyst says

by Canadian Plastics

The potential loss is due to oil supply dynamics, according to new analysis from Wood Mackenzie, and equates to around 1.5 million tons of ethylene.

May 13, 2020 News

Ontario declaration of emergency extended to June 2

by Canadian Plastics

The provincial government has also passed new legislation that will allow for more virtual or remote transactions during COVID-19.

May 13, 2020 News

SPECIAL REPORT: Canada, plastics & COVID-19

by Canadian Plastics

More than just a humanitarian crisis, the COVID-19 pandemic is causing global economic disaster, as the virus domino toppled supply chain lines and shuttered factories in China, Europe, and then worldwide. And Canada’s plastics industry isn’t being spared the effects.

May 12, 2020 News

More financial support for mid-size businesses navigating COVID-19 crisis

by Canadian Plastics

Intended for businesses with revenues between $50 million to $300 million, the new expanded Business Credit Availability Program is supported by Export Development Canada.

May 11, 2020 News

Canada’s emergency wage subsidy program to be extended beyond June 6

by Canadian Plastics

The program covers 75 per cent of worker pay up to $847 a week.

May 8, 2020 News

Unemployment hit near-record levels in Canada and the U.S. in April

by Canadian Plastics

The unemployment rate in Canada soared to 13 per cent in April, while unemployment in the U.S. hit 14.7 per cent, the highest unemployment rate in that country since the Great Depression.

May 5, 2020 News

Quebec delays reopening of businesses in Montreal until May 18

by Canadian Plastics

But the construction and manufacturing sectors across Quebec will reopen as scheduled on May 11, Premier Francois Legault said.

May 4, 2020 News

CFIB applauds reopening of Canada’s economy

by Canadian Plastics

The Canadian Federation of Independent Business is expressing support for the reopening of Canada’s economic activity that began on Mary 4., but also calls for caution as employees return to work.

May 4, 2020 News

Canadian auto sales plunged in April, Scotiabank says

by Canadian Plastics

And while provinces will gradually start re-opening on varying timelines in May, Scotiabank expects auto sales to remain weak throughout the second quarter.

May 1, 2020 News

Ontario unveils sector guidelines for businesses ahead of reopening

by Canadian Plastics

There are more than 60 labour guidelines businesses will need to follow, including ground markings for physical distancing and installing plexiglass barriers.

April 29, 2020 News

Quebec to reopen manufacturing, retail, and construction businesses

by Canadian Plastics

Most retail stores in the province will be able to reopen on May 4, while the province’s construction and manufacturing sectors will be allowed to start reopening on May 11.

April 29, 2020 News

Nearly one-third of Canadian companies seeing sales drop by 40%: StatCan

by Canadian Plastics

The highest proportion of businesses reporting losses and layoffs in a StatCan survey were in the accommodation and food services sector, as well as retail.

April 28, 2020 News

Mexico to reopen auto factories

by Canadian Plastics

The move follows a U.S. campaign to get Mexico to reopen the plants out of concern for the North American free trade zone’s supply chain.

April 27, 2020 News

USMCA trade pact to go into effect on July 1

by Canadian Plastics

The date for the new U.S.-Mexico-Canada trade agreement is a month later than initially proposed, after automakers asked for more time because of COVID-19 difficulties.

April 24, 2020 News

Feds announce rent relief of 75% for small businesses affected by COVID-19

by Canadian Plastics

The new program will provide forgivable loans to qualifying commercial property owners to cover 50 per cent of three monthly rent payments payable by eligible small business tenants experiencing financial hardship during April, May and June.

April 20, 2020 News

Canada-U.S. border to be closed for another 30 days

by Canadian Plastics

The border was originally closed on March 21 because of the COVID-19 pandemic.

April 17, 2020 News

New Scotiabank support program for medium-sized and larger Canadian firms

by Canadian Plastics

The EDC Business Credit Availability Program is structured as a one-year operating credit or cash flow term loan of up to $6.25 million, with 80% guaranteed by EDC.