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CHHMA NEWS

CHHMA - EYE ON OUR INDUSTRY
Volume 11, Issue 26, July 14, 2011

Inside This Issue:

Last Call for Applications for 2011 CHHMA Scholarship Program 
Register for CHHMA Go Kart Night 
Walmart to Lose Most Shoppers to Target?  
Liquidation World Shareholders Approve Takeover 
Seven Personality Traits of Top Salespeople 
Executives Upbeat in Bank of Canada’s Summer Business Outlook Survey  
June Housing Starts Stronger Than Expected  
CIBC: Canadian Housing Market Will Cool 
Canada Adds Jobs in June, Unemployment Rate Holds  
Latest U.S. Job Report Disappoints


Association News


 
Last Call for Applications for 2011 CHHMA Scholarship Program

The CHHMA is once again pleased to be able to offer the opportunity for children of employees of our member companies to apply for a scholarship to help offset the cost of post-secondary education. Five to seven scholarships are awarded each year. Successful candidates receive $1,000 CDN per year for the first two years of study leading to a diploma or degree from an accredited community college or university.  The deadline for the CHHMA to receive applications is this Friday, July 15th.  Read More >>



Register for CHHMA Go Kart Night 

The CHHMA Go Kart Night is taking place on Thursday, September 1st at the Circuit ICAR motorsports complex , located 20 minutes north of Montreal in Mirabel, Quebec.  The Go Kart racing will take place on an outside 1 km long track designed by 1997 F1 World Champion Jacques Villeneuve, where karts can reach speeds of up to 65 km/h.  Read More >>
 

Industry News

Walmart to Lose Most Shoppers to Target?

Walmart Canada has the most to lose when Target Corp. begins operating stores in Canada, according to recent research on consumer loyalty by Toronto consulting firm, Satov Consultants. The results from the research appeared in an article in last Friday's Financial Post where people, identified as frequent consumers at chain stores, including Walmart, Canadian Tire, Sears and The Bay, were asked which retailers they would be less likely to shop at when Target arrives.  Read More >>  
 
 
Liquidation World Shareholders Approve Takeover

Closeout retailer Liquidation World Inc. said last Friday that its shareholders voted overwhelmingly to approve the acquisition of the company by U.S. retailer Big Lots Inc. in a deal worth $1.8 million, plus debt. The company said 97.53% of the votes cast at a shareholders meeting were in favour of the deal. A court hearing to approve the acquisition was to take place this week.  Read More >>
    

Best Business Practices

Seven Personality Traits of Top Salespeople  

If you ask an extremely successful salesperson, "What makes you different from the average sales rep?" you will most likely get a less-than-accurate answer, if any answer at all. Frankly, the person may not even know the real answer because most successful salespeople are simply doing what comes naturally.  Research indicates that key personality traits directly influence top performers' selling style and ultimately their success.  Read More >>
   

Economic News


Executives Upbeat in Bank of Canada's Summer Business Outlook Survey 

Canadian businesses remain positive about the outlook for the next 12 months, despite more modest expectations for U.S. economic growth. Indicators of future sales and investment are moderately higher, and intentions to hire have become more widespread according to the Bank of Canada's Summer Business Outlook Survey released on Monday.  Read More >>
 

June Housing Starts Stronger Than Expected 

The seasonally adjusted annual rate of housing starts was 197,400 units in June, according to Canada Mortgage and Housing Corporation (CMHC)'s latest data on Monday. This was up 1.7% from a revised 194,100 units (from 183,600) units in May and was well ahead of consensus forecast of 185,000.   Read More >>
       


CIBC: Canadian Housing Market Will Cool

The Canadian housing market is due for a correction, but it will likely be a slow decline rather than a sharp drop,says a report released from the Canadian Imperial Bank of Commerce last Thursday. "While house prices are likely to adjust as interest rates eventually climb, the national pace of any correction is likely to be gradual," Benjamin Tal, deputy chief economist at CIBC, said in the report.  Read More >>
  

Canada Adds Jobs in June, Unemployment Rate Holds

Statistics Canada reported last Friday that employment in June was up 0.2% from May, as employers added 28,000 jobs during the month and the unemployment rate stayed at 7.4% as the number of people participating in the labour market increased.  Read More >>  
   

Latest U.S. Job Report Disappoints 

U.S. non-farm payrolls rose only 18,000 in June, the weakest showing since September, the Labor Department reported last Friday, well below economists' expectations for a 90,000 rise. The U.S. unemployment rate climbed to a six month high of 9.2% in June, from 9.1% in May, even as job seekers left the labour force in droves. The government also revised April and May payrolls to show 44,000 fewer jobs created than previously reported.   Read More >>
 

 CHHMA Events For 2011

Soiree Karting/Go Karting Night
Thursday, September 1
Circuit ICAR, Mirabel, Quebec

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

Industry Cocktail
Tuesday, November 29
Casino de Montreal, Montreal, Quebec

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