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CHHMA NEWS

CHHMA - EYE ON OUR INDUSTRY
Volume 11, Issue 08, February 24, 2011



Association News

2011 Spring Conference & AGM: "Boom, Bust & Bounce Back"
 
Registration is now available for this year's CHHMA Spring Conference & AGM taking place on Tuesday, April 5th at the International Centre Conference Facility, 6900 Airport Road, Mississauga, Ontario.Corporate packages are available for $1,000 + HST and include tickets for four attendees plus any additional tickets for a reduced price of $250 + HST. Individual conference tickets are available for $350 + HST.  Read More >>


Member News

Philips LED Lightbulb First To Earn Energy Star Qualification for 60-Watt Equivalent  
 
The world's first LED replacement for a 60-watt incandescent bulb is now also the first to earn ENERGY STAR qualification. Philips Lighting announced last week that the Philips AmbientLED 12.5 watt (also sold professionally under the Philips EnduraLED brand) has met or exceeded the quality and energy efficiency requirements for a 60-watt LED equivalent set forth by ENERGY STAR.  Read More >>


Industry News

Lowe's Profit Climbs 39% 

Lowe's Cos. announced on Wednesday that net income rose 39% to $285 million (U.S.), or 21 cents per share for the fourth quarter ended Jan. 28, up from $205 million, or 14 cents per share, a year ago. Sales rose 3.1% to $10.48 billion in the quarter, up from $10.17 billion a year ago.  Read More >>
 
Home Depot's Profit Surges 72%  
 

Home Depot Inc.'s fourth quarter net income rose 72% to $587 million (U.S.), or 36 cents per share, from $342 million, or 20 cents per share last year. Sales for the quarter rose 3.8% to $15.13 billion from the same period last year.  Read More >>
 


Wal-Mart's U.S. Sales Decline Continues

Wal-Mart Stores Inc. posted its seventh consecutive quarterly drop in sales at existing U.S. stores and said it will take some time to turn around sales in that unit.  Wal-Mart Stores Inc. earned $5.02 billion, or $1.41 per share, in the fourth quarter ended on Jan. 31, up from $4.82 billion, or $1.26 per share, a year earlier.  Read More >>
 
Stewardship News

New Phase 1 MHSW Program Plan in Development

Stewardship Ontario is developing a new Municipal Hazardous & Special Waste (MHSW) program as requested by the Ontario Minister of the Environment. To help form the new plan, Stewardship Ontario is hosting a series of consultation meetings with stewards. Invitations were sent out via email the week of February 7th to all registered Phase 1 MHSW stewards.  Read More >>  


Annual Blue Box & MMSM Reports Due March 31, 2011 

Stewards of the Ontario Blue Box program and the Multi-Material Stewardship Manitoba (MMSM) program should be gathering their material tonnage data for 2010 (Jan. 1, 2010 to Dec. 31, 2010). Online portals for reporting are open and reports must be submitted by March 31, 2011 at www.stewardshipontario.ca and www.stewardshipmanitoba.org. First payments are due by April 30, 2011.

If you require any assistance with your reporting, feel free to contact our CHHMA stewardship consultants: Al Marks at steward@chhma.ca (416-282-0022 ext.24) or Duncan Deans at ddeans@chhma.ca (416-282-0022 ext.22).
  
Economic News


Housing To Move In Line with Demographic Fundamentals

Housing starts are forecast to be at levels consistent with demographic fundamentals in 2011 and 2012, according to Canada Mortgage and Housing Corporations (CMHC) first quarter housing market outlook released on Feb.17.  Read More >>
  

Retail Sales Dip in December

Statistics Canada reported on Tuesday that lower auto sales helped push Canadian retail sales down by 0.2% in December to $37.3 billion, but November's strong growth was revised up by the same amount (1.3% to 1.5%). The slight decline comes on the heels of six consecutive months of gains.  Read More >>    
    

Canada's Tame Inflation Bucks Global Trend  

Canada's annual inflation rate slipped to a relatively tame 2.3% in January from 2.4% in December, bucking a global trend which has seen several major countries struggle to keep rising prices under control.  Read More >>


U.S. Home Prices Fall in Most Big Cities 

Home prices in a majority of major U.S. cities tracked by the Standard & Poor's/Case-Shiller Index have fallen to their lowest levels since the housing bubble burst. The index fell 2.4% in December from November in all but one of the 20 cities it tracks.  Read More >>
 
U.S. Consumer Confidence Highest in 3 Years

The U.S. consumer confidence index rose in February to its highest level in three years as consumers are feeling more positive about their income prospects and the direction the economy is headed. The Conference Board reported on Tuesday that the index climbed to 70.4 in February, up from a revised 64.8 in January, hitting its highest level since February 2008. It was the index's fifth consecutive monthly increase but is still below the 90+ reading that signals a stable economy.  
 

 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 Hotel & Casino, 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

Night at the Races
Wednesday, June 15
Woodbine Racetrack, Toronto, 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