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CHHMA NEWS

CHHMA - EYE ON OUR INDUSTRY
Volume 12, Issue 40, October 24, 2012

Inside This Issue:

CHHMA to Offer Educational Seminar on “iPad in Business”
Register for Industry Cocktail (December 13th in Montreal) 
CHHMA Looking for Volunteers to Join Committees  
TD Bank to Acquire Target’s Credit Card Portfolio  
Hudson’s Bay Company Files for IPO
Retail Council Takes Language Battle to Quebec Court Over Store Signs
WRLA Prairie Showcase Buying Show Moving to Calgary in 2015
Bank of Canada Holds Rate, Concerned about Household Debt
Retail Sales Edge Up in August but Volumes Drop
Wholesale Sales Pick Up in August
Canada’s Inflation Rate Remains at 1.2% 
BMO: One in Four Businesses Plan to Hire Next Year  
 

Association News


CHHMA to Offer Educational Seminar on “iPad in Business”
 
The CHHMA will be holding an educational seminar on Wednesday, November 28, 2012, 8:30 to 11:00 a.m. for CHHMA members on using the iPad in business. The location of the seminar will be confirmed shortly but it will be held near the Toronto airport.  Who should attend? Anyone thinking of purchasing an iPad - Anyone who currently uses an iPad and/or iPhone and is not getting full use out of it - Managers looking to replace or complement laptops for their teams - Salespeople thinking of using an iPad versus a computer - IT personnel in charge of connectivity and security.  Read More >>




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

    


CHHMA Looking for Volunteers to Join Committees 
 
The CHHMA is looking for individuals to join any of our several working committees such as our Social and Business Events Committees, Spring Conference & AGM Committee and Quebec Committee. Participation on one of these committees not only provides an opportunity to network with peers in the industry but also allows you to have a direct influence of the running in the Association and the value and benefits offered to the members.  Time participating on one of the committees is not extensive and lets you give back to the industry. The more volunteers that we have, will only increase the effectiveness of the Association for all members.  If you would like to join a committee or would like further information, please contact Maureen Hizaka at 416-282-0022 ext. 23 or mhizaka@chhma.ca



Industry News
 
TD Bank to Acquire Target’s Credit Card Portfolio   
 
Target Corp. said on Tuesday that it has struck a deal to sell its credit card portfolio to TD Bank, two years after it first said it wanted to sell the business.  TD Bank will pay an amount equal to the gross value of the outstanding receivables when the deal closes. Right now, the gross value is about $5.9 billion U.S.  Read More >>


 
Hudson’s Bay Company Files for IPO   
 
Hudson’s Bay Company plans to go public in an initial offering that sources expect could raise as much as $400 to $500 million by selling off approx. 20% of the company.  Last Wednesday, HBC filed a preliminary prospectus with Canadian regulatory authorities ahead of a planned IPO of its common shares. The offering will be led by RBC Capital Markets, BMO Capital Markets, CIBC and Bank of America Merril Lynch.  Read More >>


 
Retail Council Takes Language Battle to Quebec Court Over Store Signs
 
The Quebec chapter of the Retail Council of Canada (RCC), on behalf of a half-dozen of Canada’s best-known retailers, is taking Quebec’s language police to court next month over demands that they change their names and store signage so that it is more welcoming to the province’s French-speaking majority.   The RCC is taking action in Quebec Superior Court on behalf of Best Buy Canada, Costco Wholesale Canada, Gap Canada, Old Navy, Guess Canada and Walmart Canada. They will be challenging what they contend is a frivolous interpretation of Quebec’s language laws after a campaign launched in November 2011 to ensure company signs and names complied with the rules.  Read More >>


 
WRLA Prairie Showcase Buying Show Moving to Calgary in 2015 
 
Last week the Western Retail Lumber Association Inc. (WRLA) announced that the Prairie Showcase Buying Show and Convention will be moving from Saskatoon to Calgary in 2015, 2016 and 2017. “As this event continues to expand not only in size but in relevance and scope, it made sense to bring it to Calgary,” said Gary Hamilton, President of the WRLA. “The event is an integral part of the WRLA and enables our members to effectively compete and grow their business in a rapidly changing business environment.”  The Prairie Showcase Buying Show and Convention is the largest show of its kind in Canada, with over 650 booths and over 265 exhibiting companies. The show attracts retailers in the lumber and home improvement industry from across Western Canada who attend for the excellent deals, new products and networking opportunities.     
 


Economic News
 
Bank of Canada Holds Rate, Concerned about Household Debt       

The Bank of Canada kept its overnight rate at 1% on Tuesday for the 25th consecutive month and left its economic outlook for the next few years largely unchanged. However, the central bank also said it will likely have to raise interest rates over time and highlighted soaring household debt as a concern that will influence the timing of its next move.   Read More >>


 
Retail Sales Edge Up in August but Volumes Drop  
 
Statistics Canada reported on Tuesday that retail sales rose 0.3% to $39.1 billion in August but fell 0.3% in volume terms when you remove the price effects. Year-over-year, retail sales are up 2.7% from August 2011.  The sales increase, which was in line with expectations by economists, was led by a 2.9% rise at gasoline stations which reflected higher prices at the pump.   Read More >>


 
Wholesale Sales Pick Up in August     
 
Last Thursday, Statistics Canada reported that wholesale sales rose by 0.5% to $49.7 billion in August, following two consecutive monthly declines. Higher sales in the food, beverage and tobacco subsector, and the machinery, equipment and supplies subsector were the main contributors to the increase.  Year-over-year, wholesale sales are up 4.4%. In volume terms, wholesale sales were up 0.5% in August.  Read More >>  


 
Canada’s Inflation Rate Remains at 1.2%      
 
Canada’s annual inflation rate was unchanged in September, as higher energy costs were offset by weaker prices for food and vehicle costs.  Overall, Statistics Canada said last Friday that consumer prices were up 1.2% last month from a year earlier, the same pace as August, and below economists’ forecasts of 1.3%. Consumer prices rose in every major component in the 12 months to September, except for clothing and footwear.  Read More >>  
 


BMO: One in Four Businesses Plan to Hire Next Year                

A new hiring survey issued by the Bank of Montreal comes with a familiar old complaint: Good help is hard to find.  The survey released last Friday by BMO says 73% of Canadian business are confident looking ahead to 2013 and nearly one in four plan to increase the size of their workforce.  Read More >>
  

 Upcoming CHHMA Events 

"iPad in Business" Educational Seminar
Wednesday, November 28, 2012
Toronto Airport Area Location TBA

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