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CHHMA NEWS

CHHMA - EYE ON OUR INDUSTRY
Volume 12, Issue 38, October 11, 2012

Inside This Issue:

Register Now for Industry Cocktail (December 13th in Montreal)
Spectrum Brands Holdings to Acquire Stanley Black & Decker’s Hardware & Home Improvement Group 
Walmart Canada Embarks on Biggest Month of Grand Openings  
With a Healthy Dose of Humour, Zellers Says Goodbye  
ÉEQ: Company Reports for 2012 Schedule of Contributions Should Have Been Submitted
Canadian Housing Starts Slow as Condo Market Cools
Building Permits Across Canada Rise 7.9% in August
Canada’s Latest Job Gains Exceed Expectations
U.S. Unemployment Rate Falls to Near 4-Year Low
IMF Cuts Outlook for Canadian and Global Economic Growth
Canadian Productivity Continues to Lag  
 

Association News



Register Now 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.  For further information and/or to register, please click on the following links: French Registration         English Registration    



Industry News
 
Spectrum Brands Holdings to Acquire Stanley Black & Decker’s Hardware & Home Improvement Group 
 
Spectrum Brands Holdings, Inc. announced on Tuesday that it has signed a definitive agreement to acquire the Hardware & Home Improvement Group (“HHI”) of Stanley Black & Decker, Inc. for $1.4 billion in cash.  Read More >>


 
Walmart Canada Embarks on Biggest Month of Grand Openings 
 
Walmart Canada announced on Wednesday that it will embark on its biggest month of grand openings in its history. By the end of October, the company will complete 30 real estate projects. They include two supercentre conversions and 28 new stores, which were formerly Zellers stores. Of the 28 Zellers locations, 10 will be supercentres and 18 will be discount stores.   Read More >>


 
With a Healthy Dose of Humour, Zellers Says Goodbye
 
As the end of Zellers Inc. approaches, its recent going out of business social media campaign has proven to be highly successful and should be viewed as more than just a case study on how to bow out but a model for other retailers to consider in regards to their advertising approach.  Read more on the article by the Globe & Mail’s Marketing Reporter, Susan Krashinsky, from last Thursday.
 


 
Stewardship News
 
ÉEQ: Company Reports for 2012 Schedule of Contributions Should Have Been Submitted    
 
Éco Entreprises Quebec (ÉEQ) would like to remind stewards that the deadline for submitting their 2012 Company Reports was October 9, 2012, so if impacted companies have not done so yet, they should do so immediately.  Also, the 2012 contribution first instalment (80%) is due by January 26, 2013, the same day as the second instalment (30%) on 2010 and 2011 contributions. The 2012 second instalment (20%) is due by September 26, 2013. Please note that filing late and missing payment dates will subject your company to administrative and interest penalties.  Read More >>          
 


Economic News
 
Canadian Housing Starts Slow as Condo Market Cools     

The Canada Mortgage and Housing Corporation (CMHC) said on Tuesday that the pace of housing starts slowed in September, due mainly to a decrease in condo development.  CMHC reported there were 19,750 starts across the country last month. Extrapolating that over 12 months and adjusting for seasonal variations, the September number translates to an annual rate of 220,215 starts, down 2.3% from the 225,328 pace in August.  Read More >>


 
Building Permits Across Canada Rise 7.9% in August    
 
Statistics Canada reported last Friday that contractors took out building permits worth $7.3 billion in August, a 7.9% increase, following a 2.8% decline in July. The increase in August was led by higher construction intentions in the non-residential sector, which more than offset a decrease in the residential sector.  Read More >>  


 
Canada’s Latest Job Gains Exceed Expectations      
 
Statistics Canada reported last Friday that Canadian employers added 52,100 jobs (mostly full-time) in September, the second consecutive monthly gain and the largest increase in five months.  The unemployment rate edged up 0.1 percentage points to 7.4% however, as more people started looking for work.  September’s jobs gain was much higher than the 10,000 consensus expected by analysts.  Read More >>    


 
U.S. Unemployment Rate Falls to Near 4-Year Low      
 
The Labor Department reported last Friday that the U.S. unemployment rate dropped by 0.3 percentage points to a near four-year low of 7.8% in September, the lowest since January 2009.  A survey of households from which the unemployment rate is derived showed 873,000 job gains last month, the most since June 1983. The drop in the jobless rate came even as more Americans joined the labour force, which had shrank in the prior two months.  Read More >>    
 

 
IMF Cuts Outlook for Canadian and Global Economic Growth    
 
The International Monetary Fund (IMF) is warning that Canada faces increasing economic threats, external and internal, that will slow growth this year and in 2013.  The Washington-based global lender said in its quarterly World Economic Outlook (WEO) on Tuesday, that Canada’s economy will advance 1.9% during 2012 and grow 2% next year. That is down from the IMF’s July forecast of 2.1% and 2.2%, respectively.  Read More >>  
 


Canadian Productivity Continues to Lag              

Canada’s economy and ability to compete internationally is being hampered by its businesses’ inability to sustain growth over the long-term, says a report released Oct. 1 by consulting firm Deloitte.The report said Canada’s inability to improve its productivity levels to those comparable to other industrialized nations may be a deep-seated cultural attribute connected to the country’s history and culture of modesty, compromise, and most prevalently, risk aversion.  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