Canadian mid-market firms export significantly less than their global peers: reportby Canadian Plastics
Mid-market enterprises in Canada contribute $350 billion to the economy and directly employ almost 25 per cent of Canadians, the report from HSBC also says.
DMS executive gets the Red Carpet treatment in Georgiaby Canadian Plastics
Mike Hicks, vice president of Windsor, Ont.-based mold component supplier DMS Components, spent a memorable four days as a guest at the invitation-only Red Carpet Tour in April 2017, an event designed to showcase Georgia’s attractiveness for new business investment.
Plastics Industry Association likes GOP tax reform packageby Canadian Plastics
The Plastics Industry Association, the leading plastic industry group in the U.S., has come out in favour of the Republican’s new tax reform proposal, in particular its lower corporate tax rate. In a Nov. 2 statement, Plastics Industry Association president…
Record-setting vehicle sales continued in October: Scotiabankby Canadian Plastics
U.S. purchases defied expectations, Scotiabank also said, remaining at an annualized 18 million units last month.
Global auto sales accelerated during the summer: Scotiabankby Canadian Plastics
Global car sales accelerated through the summer, a new report from Scotiabank said, with volumes advancing 4.5% above a year earlier in August, double the growth of the previous three months.
Steady economic growth expected in Canada in 2018: BMOby Canadian Plastics
Canada’s economy is on pace to match the best annual growth performance since the Great Recession, a new report from BMO Capital Markets Economics and BMO Commercial Banking said, with real GDP likely to expand 3.1% this year, up from 1.5% in 2016.
Manufacturing sales up in August: StatsCanby Canadian Plastics
The transportation equipment and petroleum and coal product industries post the largest gains, the agency said.
Capital investment in Canada’s auto sector well below pre-recession levels: reportby Canadian Plastics
The report from DesRosiers Automotive Consultants says investment has been almost cut in half, noting “Canada’s loss of investment market share to Mexico and the southern U.S. over this period has been well documented.”
Canada’s trade deficit increased to $3.4 billion in August: StatsCanby Canadian Plastics
The trade surplus with the U.S. narrowed to $2.3 billion in August, StatsCan said, but the country’s trade deficit with countries other than the U.S. slipped to $5.7 billion.
Canadian vehicle sales remained “hot” in September: Scotiabankby Canadian Plastics
U.S. purchases rebounded to a cycle-high in September, Scotiabank said.
Plastics Industry Association likes Republican tax reform planby Canadian Plastics
In particular, the Association supports the plan’s lower corporate tax rate, immediate expensing of capital investments, and the preservation of the research and development tax credit.
Canadian manufacturing growth improves in September: reportby Canadian Plastics
Manufacturers are also more confident about the year ahead business outlook than at any time since April, the Markit Canada Manufacturing Purchasing Managers’ index report said.
NAFTA benefits Canadian and U.S. auto sector, not just Mexico’s: reportby Canadian Plastics
In Canada, auto industry output is advancing nearly four times faster than the overall growth rate of manufacturing as a whole, the new report from Scotiabank said.
Plastics machinery shipments up in Q2 2017: reportby Canadian Plastics
The shipments value of injection molding machinery increased 9 per cent in Q2, the shipments value of single-screw extruders declined by 16 per cent, the shipments value of twin-screw extruders jumped 56 per cent, and the shipments value of blow molding machines slipped down by 2 per cent in Q2, the report said.
Record-setting Canadian vehicle sales continued in August: Scotiabankby Canadian Plastics
U.S. fleet volumes began to stabilize from the double-digit decline of recent months, Scotiabank also said.
Global auto sales to set eighth consecutive annual record in 2017: reportby Canadian Plastics
The expanding global economy is leading to a re-acceleration in global auto sales, Scotiabank’s latest Global Auto Report said, and this economic growth is also lifting purchases in Canada
Economy grew by 4.5 per cent in Q2 2017: StatsCanby Canadian Plastics
Canada’s gross domestic product grew by 1.1 per cent between March and June, an improvement from the 0.9 per cent growth seen in the previous three-month period, the agency said.
GM gains, Nissan slips in annual OEM-supplier relations studyby Canadian Plastics
Results of the new 17th annual North American Automotive OEM-Supplier Working Relations Index study revealed that GM now ranks ahead of Fiat-Chrysler US, Ford and Nissan, which is now in last place.
Canadian production rises at fastest pace since March: reportby Canadian Plastics
At the same time, input cost inflation moderated to a nine-month low, with manufacturers attributing this to a stronger exchange rate against the U.S. dollar, the report by IHS Markit said.
Milacron reports slight sales increase in Q2 2017by Canadian Plastics
But operating earnings for the Cincinnati, Ohio-based company for the second quarter of 2017 decreased 19.9% to US$28.6 million compared to operating earnings of US$35.7 million in the prior year period.