Category
Economy

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.

Tool & die industry off to slow start in 2019: report

In the first quarter 2019, the study said, mold shops experienced a slight utilization increase of 2% compared to Q4 2018 (77% to 79%), while die shop utilization dropped drastically from 85% to 74% in the same time frame.

Canadian auto sales down in March: Scotiabank

Scotiabank also forecasts that auto sales in Canada will fall to 1.93 million units delivered in 2019.

Weak early-year auto sales in China, while Europe rebounds: Scotiabank

Sales in Canada continued to decline in February, a new report by Scotiabank said, marking the twelfth year-on-year decline in a row off record February sales a year prior.

Canadian auto purchases rose in February: Scotiabank

Auto sales in the U.S. fell for a second consecutive month, a new report from Scotiabank also said.

American moldmakers generally positive about business outlook: survey

But only half of the moldmakers surveyed by the American Mold Builders Association believe business conditions in Q1 will increase, and only 10 per cent think their business will increase substantially over the next 12 months.

Weak sales in China drag down global auto market: Scotiabank

Excluding China, Scotiabank’s most recent Global Auto Report says, vehicle purchases fell by 3 per cent year-over-year worldwide.

Plastics machinery shipments finished strong in 2018

Shipments of injection molding and extrusion machinery in North America increased in the fourth quarter 2018, according to the statistics compiled and reported by the Plastics Industry Association’s Committee on Equipment Statistics.

Ontario announces $40 million for auto sector plan

The announcement is part of a 10-year plan for strengthening the auto sector’s competitiveness.

Clariant increased sales, profitability and operating cash flow in 2018

Clariant’s plastics & coatings division increased sales by one per cent, with particularly strong regional expansion in Latin America.