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CHHMA NEWS

CHHMA - EYE ON OUR INDUSTRY
Volume 11, Issue 02, January 13, 2011



Association News

Canada Night

The 62nd Canada Night reception will be held on Sunday, March 6, 2011, at the InterContinental Hotel, Renaissance Ballroom in Chicago. Canada Night provides an opportunity for those in town for the International Home + Housewares Show to mix and mingle with peers and retail customers in a social atmosphere, celebrating the common bond of being Canadian, while enjoying the wine & beer bar and some excellent cuisine.

Sponsorship applications have been sent to prospective sponsors, vendor registration will be available the last week in January.

For a sponsorship request form, click here.


 2011 Spring Conference Taking Shape

The line-up is starting to take shape for this year’s CHHMA Spring Conference & AGM to be held on Tuesday, April 5th at the International Centre Conference Facility, 6900 Airport Road, Mississauga, Ontario. This year’s conference theme “Boom, Bust & Bounce Back” will offer a great line-up of speakers and topics that will be loaded with ideas and information to help you manage and market your way through a slow recovery.

Two of the keynote speakers will be Craig Alexander, Senior Vice President & Chief Economist, TD Bank Financial Group and  Professor Ken Wong, Queen’s School of Business.  Read More >>
Industry News

Target Purchases Zellers Stores for $1.8 Billion

U.S. retailer Target Corp. said it is buying Canadian discount retail chain Zellers from Hudson's Bay Co. for $1.8 billion.  Under the terms of the deal, Minneapolis-based Target will pay two payments of $912.5 million in cash, in May and September 2011, to acquire the leasehold interests of 220 Zellers locations in Canada.  Read More >>

The Home Depot Announces Canadian Leadership Transition

The Home Depot announced yesterday that Aaron Carmack has been promoted to president, The Home Depot Canada, effective January 31. Carmack, the current regional vice president of the Pac North region in the U.S., is Replacing Annette Verschuren, who is leaving the Company after nearly 15 years of service. Verschuren will remain with The Home Depot until January 30, the end of the Company's 2010 fiscal year, to assist with the transition.  Read More >>
Stewardship News

Stewardship Filing Reminders

This is a reminder that Q1 2011 MHSW reports for all nine phase 1 materials are due by January 31, 2011 and should include data from October 1, 2010 to December 31, 2010. Q1 payments are due by February 28, 2011.

For stewards of the Ontario Blue Box and Multi-Material Stewardship Manitoba (MMSM) programs, it’s time to start gathering your tonnage data on each material type of designated waste for which you are obligated to report on and making plans to register and input your 2010 volumes by March 31, 2011.   Read More >>
Best Business Practices

Recessionary thinking: Smart Marketing Tips for Tough Times

Continuing on from the past two issues, here are the fifth and sixth tips for effective marketing in a down economy: 5. Continue Advertising and 6. Outsource.  Read More >>

Economic News


Housing Starts Drop in December

The seasonally adjusted annual rate of housing starts was 171,500 units in December, according to the latest report from the Canada Mortgage and Housing Corporation (CMHC) released yesterday. This is down from 198,200 units in November.
“Housing starts moved lower in December due to the multiple starts segment, especially in Ontario,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “Single-detached starts were also down, but minimally.”   Read More >>

Building Permits Fall in November

Statistics Canada reported on Monday that municipalities issued $5.5 billion worth of building permits in November, down 11.2% from October and 10.3% lower than in November 2009. It was the second straight monthly decline. The drop was led by lower construction intentions for multi-family dwellings in B.C. and commercial buildings in Ontario.   Read More >>

Canada's Real Estate Market Outlook
 
A Royal LePage report from last Thursday indicated that Canada’s real estate market is heading into a stronger than expected year that will likely see home prices steadily rise, while overall transactions moderate. The report says that average home prices are expected to rise 3% to $348,600 in 2011, while the number of transactions is predicted to fall 2%.   Read More >>

Bank of Canada Quarterly Business Outlook improves

Hiring intentions by Canadian companies over the coming year rebounded strongly in the fourth quarter, according to the Bank of Canada’s quarterly business outlook survey released on Monday. Also, in the report, the majority of Canadian firms suggested they still plan to increase their capital investment in the next 12 months in an effort to become more competitive and pursue new markets.  Companies also believe input costs are set to climb over the next 12 months, with expectations for inflation between the 2% to 3% range.  Read More >> 

Predictions from Canada's Top Bank Economists

Last Thursday, the Economic Club of Canada managed to get the chief economists of Canada’s five largest banks in the same room while they hosted a 2011 outlook breakfast with Warren Jestin of Scotia Capital, Sherry Cooper from BMO Capital Markets, Craig Wright at RBC Financial Group, Avery Shenfeld of CIBC World Markets and Craig Alexander (opening keynote speaker at the upcoming CHHMA Spring Conference & AGM) at TD Financial Group. What was the overall prognosis for the Canadian economy in 2011 from the big five? Modest growth, the currency close to parity and mild interest rate hikes.  Read More >>

Canada Adds 22,000 Jobs in December

Canada’s economy added more jobs than expected in December with a net 22,000 new positions (the best in four months) concentrated in full-time, private-sector work, while the unemployment rate held at 7.6%.  The December gain, reported last Friday by Statistics Canada, marked the end of a year that saw the economy recoup all of the jobs lost during the recession. The economy created a total of 368,500 jobs in all of 2010, representing a 2.2% increase in the workforce after a 1.1% decrease during 2009.
Read More >>

 CHHMA Events For 2011

Canada Night
Sunday, March 6
InterContinental Hotel, Chicago, Illinois

Spring Conference & Annual General Meeting
Tuesday, April 5
International Centre, Mississauga, Ontario

Maple Leaf Night
Tuesday, May 10
The Mirage, Las Vegas, Nevada

Quebec Golf Tournament
Tuesday, May 17
Le Fontainebleau Golf Club, Blainville, Quebec

Ontario Golf Tournament
Wednesday, May 25
Angus Glen Golf Club, Markham, Ontario

Industry Memorial Golf Classic
Tuesday, September 27
Blue Springs Golf Club, Acton, Ontario

To register for all events visit our website at www.chhma.ca or call Pam Winter at (416) 282-0022 ext.21.

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"Eye On Our Industry" is published by the CHHMA as an information resource for our members. Member input regarding content and format is welcomed. Please contact Michael Jorgenson by email: mjorgenson@chhma.ca, or call at (416) 282-0022, ext. 34. CHHMA is located at 1335 Morningside Ave., Suite 101, Scarborough, ON, M1B 5M4 www.chhma.ca

Canadian Hardware & Housewares Manufacturers Association | 1335 Morningside Ave., Suite 101, Scarborough, ON M1B 5M4
Telephone: (416) 282-0022   Email: pwinter@chhma.ca