Magna expects 2019 sales to be hurt by a variety of factorsby Canadian Plastics
The auto parts maker anticipates that the strong U.S. dollar, the sale of its fluid pressure and controls business, and GM plant closures will negatively impact its bottom line this year.
U.S. plastics shipments, jobs rose in 2017: reportby Canadian Plastics
The U.S. plastics industry accounted for an estimate of $432.3 billion in shipments and 989,000 jobs in 2017, according to the 2018 Size & Impact Report, an annual publication of the Plastics Industry Association.
Canadian vehicle sales down in December: Scotiabankby Canadian Plastics
But auto purchases in the U.S. recorded their highest one-month total since October 2017, the new report from Scotiabank said.
World auto sales growth stalls in 2018: Scotiabankby Canadian Plastics
Vehicle purchases in Canada in November fell below 1.9 million annualised units for the first time since late-2016, Scotiabank said, but sales are still on track for their second-highest year on record in 2018.
North American plastics machinery shipments up 4 per cent in Q3 2018by Canadian Plastics
The sales figures are compiled by the Plastics Industry Association’s Committee on Equipment Statistics.
Auto purchases in Canada fell sharply in November: Scotiabankby Canadian Plastics
A sharp drop in Detroit Three sales pulled purchases below 1.9 million units for the first time in over three years, a new report from Scotiabank said.
North American plastics industry associations support USMCA signing, urge ratification of the dealby Canadian Plastics
And the American Chemistry Council is also calling on U.S. President Donald Trump to use the agreement to cancel tariffs on steel and aluminum.
Weak sales in China drove global auto purchases down in October: Scotiabankby Canadian Plastics
Canadian auto sales contracted by 1.9% year-over-year for an eighth consecutive month of annual declines in October, Scotiabank’s latest Global Auto Report says, but ticked up by 3.1% from September in seasonally-adjusted terms.
Closure of GM’s Oshawa plant a big blow to Canadian supply industry: Unifor, APMAby Canadian Plastics
Shuttering the Oshawa plant represents a loss of about 10 per cent of Canada’s auto parts industry, said APMA head Flavio Volpe.
Big gains forecast for global automotive plastic market: reportby Canadian Plastics
Spurred by rising disposable incomes and continuously changing lifestyles, the increasing production of cars and commercial vehicles will grow the global automotive plastic market at a CAGR of 11.91% from now until 2023, the new report from Research and Market said.
Canadian auto sales fall 1.9 per cent in October: DesRosiersby Canadian Plastics
Sales of passenger cars for several major auto companies dipped, a new report from DesRosiers said.
Ontario to cap minimum wage at $14 an hourby Canadian Plastics
The Ontario government said new rules – which will link future minimum-wage increases to the inflation rate and reduce the number of personal leave days – will help cut red tape and encourage business investment.
Canadian vehicle purchases dropped in September: Scotiabankby Canadian Plastics
But auto sales in the U.S. jumped to an annualised level of more than 17 million units in September, Scotiabank said, beating expectations.
Canada, U.S. reach new trade deal to replace NAFTAby Canadian Plastics
The agreement provides increased access to Canada’s dairy market for U.S. producers, limits the number of cars and the value of automobile parts that Canada can ship to the U.S. without paying higher duties, and preserves key dispute-resolution provisions.
Plastics machinery shipments in North America up again: reportby Canadian Plastics
For the fifth consecutive quarter, plastics machinery shipments in North America continued to increase in the second quarter of 2018, according to the statistics compiled and reported by the Plastics Industry Association’s Committee on Equipment Statistics.
Canada’s weak auto sales continues: Scotiabankby Canadian Plastics
Auto sales growth has also slowed down markedly in the U.S. and Mexico, a new report from Scotiabank says.
Canada, U.S. resume trade talksby Canadian Plastics
The Trump administration is calling on Canada to endorse the recent agreement reached by the U.S. and Mexico, which featured important decisions made by the two countries on autos.
U.S.-based Plastics Industry Association supports new trade deal with Mexicoby Canadian Plastics
The announcement of a bilateral agreement between the U.S. and Mexico “is a step in the right direction”, the trade group says.
Auto industry suppliers pessimistic about U.S. trade policies: surveyby Canadian Plastics
Trade policy uncertainty is causing pessimism across the automotive supply base, despite a strong sales and production environment, a new survey conducted by the Original Equipment Suppliers Association says.
Quebec setting aside $863 million for companies hurt by U.S. tariffsby Canadian Plastics
Quebec’s plan will see money go towards offering companies liquidity to continue their activities, and to reduce contributions small and medium-sized companies have to make to the province’s heath services fund.