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CHHMA NEWS

CHHMA - EYE ON OUR INDUSTRY
Volume 12, Issue 37, October 04, 2012

Inside This Issue:

Register for Industry Cocktail (December 13th in Montreal)
Sun Shines on 11th Annual Industry Memorial Golf Classic 
Target Arrival to Impact Several Key Canadian Retailers  
Canadian Economy Ekes Out Modest Growth in July  
Statistics Canada Rolling Out Recalculated Data Going Back More Than 30 Years
U.S. Economic Growth Reduced to 1.3% in Second Quarter
TD Bank Lowers Economic Growth Forecasts for Canada
Canadian Consumer Confidence Improves in September
Canadian House Prices Edge Up in Third Quarter While Home Sales Slow 
 

Association News



Register for Industry Cocktail (December 13th in Montreal)    
 
This year’s Industry Cocktail will be taking place on Thursday, December 13, 2012 at the W MONTRÉAL HOTEL, 901 Square Victoria, close to picturesque Old Montreal, the Montreal Museum of Fine Arts and the city's world-class downtown.  W Montréal is a stylish luxury hotel located in the city's historic Bank of Canada building. It was winner of the Condé Nast Traveller UK's coveted Best New Hotel award and a 2010 Fodor's Choice distinction selection.  Registration information will be emailed out in the next few days or go to: https://www.chhma.ca/Public/CHHMA-Upcoming-Events.   


 
Sun Shines on 11th Annual Industry Memorial Golf Classic  
 
Once again, we were blessed with a beautiful fall day on Tuesday for the 11th Annual Industry Memorial Golf Classic at the Blue Springs Golf Club in Acton, Ontario.  The event is held on behalf of the hardware and housewares industry and honours stalwarts from the industry who have recently passed away.  Read More >>



 
Industry News
 
Target Arrival to Impact Several Key Canadian Retailers    
 
A report from Barclays Capital on Monday says the arrival of Target in Canada next year will take a bite out of the sales of several key retailers, while others that don’t overlap in their offerings may benefit from the increased traffic generated by the new stores.  In the report, the investment firm says Walmart, Sears Canada, Old Navy, Loblaw’s Joe Fresh brand and Canadian Tire are the retailers most at risk.  Read More >>          
 


Economic News
 
Canadian Economy Ekes Out Modest Growth in July    

Canada’s economy continued to eke out modest gains in July, although slightly better than expected, as the manufacturing sector rebounded from a decline in the previous month along with retail and wholesale activity.   Statistics Canada reported last Friday that real GDP grew by 0.2%, in July, better than June’s revised 0.1% and the 0.1% that economists had expected.  Read More >>


 
Statistics Canada Rolling Out Recalculated Data Going Back More Than 30 Years   
 
Canada’s official number cruncher has gone back more than 30 years to recalculate key economic data used for decades by governments and companies to plan and set policies.  On Monday, Statistics Canada began rolling out revisions to many of its major reports — ranging from quarterly gross domestic product, to labour productivity and balance of payments.  Read More >>  


 
U.S. Economic Growth Reduced to 1.3% in Second Quarter      
 
U.S. economic growth was much weaker than previously estimated in the second quarter as drought conditions cut into inventories, setting the platform for even more sluggish performance in the third quarter.  U.S. GDP expanded at a 1.3% annual rate, the slowest pace since the third quarter of 2011 and down from last month’s 1.7% projection, the Commerce Department said in its final estimate last Thursday.  Read More >>    


 
TD Bank Lowers Economic Growth Forecasts for Canada     
 
Last week, TD Bank lowered its estimates for economic growth this year in most of Canada’s provinces — saying the U.S., Europe and Asia are weaker than expected and households are more cautious than before.  It says Alberta and Saskatchewan will continue to lead the other provinces in economic growth this year, but the pace will fall below 3%.  In the other eight provinces, TD is estimating 2012 growth will be less than 2%.  Read More >>   
 

 
Canadian Consumer Confidence Improves in September   
 
The Conference Board of Canada said last week that consumer confidence showed improvement in September following a weak showing in August.  The September results indicate that Canadian consumers were generally the most confident in more than a year.  Read More >>  
 


Canadian House Prices Edge Up in Third Quarter While Home Sales Slow             

The average price of a Canadian home rose between 1.8% and 4.8% in the third quarter of 2012 compared with the same period last year, according to the Royal LePage’s most recent House Price Survey released on Wednesday, but sales are slowing and prices are likely to follow suit. However, because of low interest rates, the downward pressure on prices should be “minimal.”  Read More >>
  

 Upcoming CHHMA Events 

Industry Cocktail
Thursday, December 13, 2012
“W” Hotel, Montreal, Quebec 

Canada Night
Sunday, March 3, 2013
InterContinental Hotel, Chicago, Illinois

CHHMA Spring Conference & AGM
Wednesday, April 10, 2013
International Centre (Conference Facility), Mississauga, Ontario

CHHMA Maple Leaf Night
Tuesday, May 7, 2013
The Mirage Hotel & Casino, Las Vegas, Nevada

CHHMA Quebec Golf Classic
Thursday, May 23, 2013
Club de Golf Le Fontainebleau, Blainville, Quebec

CHHMA Ontario Golf Tournament
Tuesday, May 28, 2013
Angus Glen Golf Club, Markham, Ontario

CHHMA Industry Calendar

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