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.
Dow reports sales increase in first half of 2017by Canadian Plastics
On the cusp of its merger with DuPont Co., chemical giant Dow Chemical Co.’s sales increased to US$13.8 billion in the first half of 2017, up 16 per cent year-over-year.
CME asks Ontario government to rethink workplace reformsby Canadian Plastics
In a July 20 statement, the Mississauga, Ont.-based CME cautioned that the proposed reforms included in the “Fair Workplaces, Better Jobs Act” – including the controversial plan to raise minimum wage to $15 an hour by 2019 – could have unintended consequences affecting the competitiveness of the manufacturing sector and discouraging investments in Ontario.
North American plastics groups outline goals for NAFTA modernizationby Canadian Plastics
After a summit in held Mexico City on July 5, the heads of the U.S.-based Plastics Industry Association, the Canadian Plastics Industry Association, and Mexico’s Asociación Nacional de Industrias del Plástico AC released a joint statement opposing new tariffs and supporting greater harmonization of regulations.
Record vehicle sales in Canada in June: Scotiabankby Canadian Plastics
In the United States, meanwhile, most automakers reported better-than-expected sales last month, as demand continues to shift to crossovers, SUVs and pickup trucks, Scotiabank said.
Six Quebec aerospace companies get federal fundingby Canadian Plastics
The six companies, which provide aerospace parts and services, will benefit from funding announced by Canada’s innovation minister at the Paris Air Show.
N. American tooling industry experiences slight dip in Q2 2017by Canadian Plastics
But shops still remain “very optimistic” about the next three months, a new report said.
Canadian vehicle sales set a record for the month of May: StatsCanby Canadian Plastics
Most automakers exceeded expectations last month, StatsCan said, but sharp double-digit declines in fleet deliveries from several manufacturers reduced industry volumes.
Canadian vehicle purchases down in April: Scotiabankby Canadian Plastics
U.S. passenger vehicle sales were also disappointing, with most automakers reporting lower-than-expected volumes.
Manufacturing sales slip 0.2% in February: StatsCanby Canadian Plastics
Factory sales were down in 10 of the 21 industries, representing 37% of the manufacturing sector; sales in motor vehicle assembly fell 5.3%, while petroleum and coal products dropped 5.0%.
Canadian vehicle sales strong in March: Scotiabankby Canadian Plastics
Canadian vehicle sale purchases in March 2017 advanced 7% above a year earlier, setting a monthly record for March. According to the latest Auto News Flash from Scotiabank, sales exceeded an annualized 2.1 million units in March 2017, lifting year-to-date…
Canadian auto parts industry goes on offensive against U.S. protectionismby Canadian Plastics
A new survey being conducted by the Automotive Parts Manufacturers Association seeks to detail the level of integration in the North American auto industry.
Canadian wholesale sales up in January: StatsCanby Canadian Plastics
The motor vehicle and parts subsector contributed the most to the gain, the agency said.
Automation not an “imminent threat” to Canadian jobs: reportby Canadian Plastics
The report, by Toronto-based think tank C.D. Howe Institute, said industries at “high risk” of automation make up just 1.7 per cent of the Canadian workforce.
UP IN SMOKE?by Canadian Plastics
Will Canada’s carbon tax plan hurt the plastics industry’s competitiveness?
Global auto sales continue to strengthen in 2017: Scotiabankby Canadian Plastics
North American auto production to climb to record high in the second quarter, the bank said.