Category
Economy


March 26, 2020 News

Upcoming webinar, April 1: Facing the COVID-19 challenge

by Canadian Plastics

The webinar brings together Steve Loftus, president of Innovative Automation, and Dennis Darby, president and CEO of Canadian Manufacturers and Exporters, to share COVID-19 strategies.

March 26, 2020 News

Ontario introduces $17 billion COVID-19 aid package

by Canadian Plastics

The plan includes $3.7 billion in direct support for people and job protection measures, $3.3 billion in additional health-care spending, and $10 billion in deferred taxes and other measures largely designed to keep businesses afloat.

March 25, 2020 News

Haitian Group reports “good” results amid “difficult year for the global economy” in 2019

by Canadian Plastics

The China-based injection molding machine maker recorded an overall sales decrease of 9.6% last year compared to 2018, but still sold more than 32,000 units for the year ending Dec. 31, 2019.

March 25, 2020 News

COVID-19 drives small business confidence in Canada to record low, survey reports

by Canadian Plastics

The Business Barometer Index is at a record low 30.8, a new Canadian Federation of Independent Business survey found, well under the previous lows near 39 recorded in both the 2008 and 1990 recessions.

March 24, 2020 News

Ontario, Quebec order all non-essential businesses to shut down

by Canadian Plastics

Both provinces will keep the orders in effect for at least two weeks, and both allow priority manufacturing to continue.

March 23, 2020 News

Chemical and oil companies to slash capital spending, slowing investment wave

by Joseph Chang, Global Editor, ICIS Chemical Business

In the wake of the coronavirus and collapse in crude oil prices, chemical, oil and gas, and midstream companies will all slash capital spending for growth projects to preserve cash.

March 20, 2020 News

Half of Canada’s small firms report a drop in sales due to COVID-19, survey finds

by Canadian Plastics

A quarter of the respondents said they won’t survive a month with a drop in income of more than 50 per cent.

March 17, 2020 News

Ontario declares state of emergency over coronavirus outbreak

by Canadian Plastics

During a March 17 public announcement, Premier Ford emphasized that the emergency declaration is not a provincial shut down, and that the majority of businesses will not be affected by the order.

March 16, 2020 News

Ontario announces job protection for workers during the COVID-19 outbreak

by Canadian Plastics

Ontario’s provincial government will introduce legislation that, if passed, would immediately provide job-protected leave to employees in isolation or quarantine due to COVID-19, or those who need to be away from work to care for children because of school or day care closures.

March 16, 2020 News

Canada closing border to most non-residents, exempts U.S. citizens

by Canadian Plastics

The restrictions come into effect March 18, and do not apply to Americans due to the many close connections bewteen Canada and the U.S.

February 25, 2020 News

Flexible packaging demand in Asia hit by sluggish regional economy, report says

by Canadian Plastics

According to Wood Mackenzie’s report, ‘Flexible Packaging Asia Supply Demand Report’, the region’s largest markets – China and India – experienced significant disruptions in 2019.

February 21, 2020 News

Wacker to cut 1,000 jobs in cost-saving measure

by Canadian Plastics

The Germany-based chemical maker said the job cuts will affect its administrative departments and the “indirect, non-operational functions” of its business divisions

February 20, 2020 News

Plastics machinery shipments “stayed low” in 2019, industry association says

by Canadian Plastics

Despite a fourth quarter uptick, weak business investment spending was due to trade and tariff uncertainties and overall weaker manufacturing activity, the Plastics Industry Association’s Committee on Equipment Statistics said.

February 17, 2020 News

Trudeau tells U.S. lawmakers that USMCA bill will pass Commons

by Canadian Plastics

President Donald Trump signed the three-nation pact last month and Mexico ratified it last summer.

February 17, 2020 News

Thin wall packaging industry is globally fragmented but gaining on aluminium and glass, report says

by Canadian Plastics

Thin wall packaging accounts for 12 per cent of the global packaging production, the report from AMI Consulting concludes, equivalent to 18 million tonnes.

February 13, 2020 News

Small businesses need better access to immigration system to address labour shortages, report says

by Canadian Plastics

The report by the Canadian Federation of Independent Business says that the biggest issues are a mismatch between the jobs small businesses need filled and the skills-level of immigrants, and the complicated process of bringing in and retaining foreign workers.

February 7, 2020 News

Canadian auto sales estimated as being “relatively flat” in January, report says

by Canadian Plastics

In the U.S., meanwhile, auto sales contracted modestly in January, the report from Scotiabank says.

January 22, 2020 News

Canadian auto sales “disappointed” in 2019, report says

by Canadian Plastics

This marks a second consecutive year of auto sales declines following the 2017 high, a new report from Scotiabank says, and auto sales are in for another bumpy ride in 2020.

January 16, 2020 News

U.S. Senate passes new North American trade deal

by Canadian Plastics

After President Trump gives his signature to the three-nation pact, it needs only Canada’s approval to take effect.

January 15, 2020 News

U.S., China sign “phase one” of trade deal

by Canadian Plastics

The U.S.-based Plastics Industry Association praises the signing as a “step in the right direction”.