Canadian Plastics

Category
Economy

Podcast
July 17, 2020  

Canadian Plastics podcast: Resin supply, demand and pricing during COVID-19, Part 5: Engineering resins

Resin supply, demand and pricing during COVID-19 – A

Podcast
July 10, 2020  

Canadian Plastics podcast: Resin supply, demand and pricing during COVID-19, Part 4: PVC

Resin supply, demand and pricing during COVID-19 – A

Podcast
July 2, 2020  

Canadian Plastics podcast: Resin supply, demand and pricing during COVID-19, Part 3: Polystyrene

Resin supply, demand and pricing during COVID-19 – A

News
June 29, 2020  

Canadian small business confidence up slightly in June, CFIB survey says

Small business confidence rose slightly in June to 54.6 points on the Canadian Federation of Independent Business Business Barometer, two points higher than May’s reading but still well below historical norms.

News
June 26, 2020  

Scotiabank accepting applications for next phase of CEBA program

This third phase has expanded eligibility that enables broader groups of businesses to apply for financial relief.

News
June 26, 2020  

Pace of the decline in global auto sales “moderated” in May, report says

The latest Global Auto Report from Scotiabank says that a slow climb back has begun for global auto sales.

News
June 24, 2020  

Toronto, Peel Region entering Stage 2 of Ontario’s restart phase

Windsor-Essex remains the only region not cleared to move to the next phase, due to high COVID-19 case numbers on farms in the region.

News
June 19, 2020  

COVID-19 is hurting demand for PET, report says

Lockdowns and restrictions are dampening demand for PET in what should be a season of high demand, according to a new report from an analyst at ICIS.

News
June 18, 2020  

Moldmakers predict 25% drop in revenue from original 2020 forecasts, survey shows

Die builders and die casters are expecting the most significant drop, the survey conducted by Harbour Results Inc. says, followed by stamping, molding, and mold builders.

News
June 16, 2020  

U.S. retail sales soar 17.7% in biggest monthly increase ever

U.S. retail sales had been expected to rise by about 8.5% per cent in May.

News
June 15, 2020  

Manufacturing sales see largest-ever drop in April: StatCan

The April decline was much deeper than many analysts had been expecting.

News
June 8, 2020  

Forty-four per cent of small firms now fully open, CFIB says

A new survey by the Canadian Federation of Independent Business finds that 44% of Canada’s small businesses are now fully open, up from 38% two weeks ago.

News
June 5, 2020  

Chemical industry faces volatile backdrop on road to recovery

The coronavirus crisis may simply accelerate key macro trends

News
June 4, 2020  

Quebec tables bill to boost economy by fast-tracking major projects

The stimulus Bill 61 would allow projects to move ahead and bypass certain rules under the Environment Quality Act.

News
June 3, 2020  

Plunge in Canadian auto sales decelerated in May, Scotiabank says

U.S. auto sales also saw a smaller decline in May, according to Scotiabank’s latest Auto News Flash.

News
June 1, 2020  

Global polyester production is expected to decline by more than half a million tonnes this year, report says

The knock-on effects will also hit global demand for polyester’s key raw materials paraxylene and PTA in the coming years, the new report from Wood Mackenzie said.  

News
May 28, 2020  

Small business confidence fell in May, CFIB survey says

Thirty-nine per cent of reporting manufacturing firms identified business health as bad.

News
May 26, 2020  

38% of Canada’s small businesses now fully open: CFIB

New Brunswick and PEI now have the largest share of local businesses fully open, a CFIB survey indicates, while Nova Scotia, Ontario, and Newfoundland and Labrador remain as the least open economies.

News
May 26, 2020  

Pandemic pauses North American plastics machinery shipments during first quarter

But a new report by the Plastics Industry Association does show increases in some areas.

News
May 22, 2020  

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

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

News
May 14, 2020  

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

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.

News
May 14, 2020  

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

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.

News
May 14, 2020  

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

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.

News
May 13, 2020  

Ontario declaration of emergency extended to June 2

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

News
May 13, 2020  

SPECIAL REPORT: Canada, plastics & COVID-19

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.

News
May 12, 2020  

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

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

News
May 11, 2020  

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

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

News
May 8, 2020  

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

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.

News
May 5, 2020  

Quebec delays reopening of businesses in Montreal until May 18

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

News
May 4, 2020  

CFIB applauds reopening of Canada’s economy

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.

News
May 4, 2020  

Canadian auto sales plunged in April, Scotiabank says

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

News
May 1, 2020  

Ontario unveils sector guidelines for businesses ahead of reopening

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