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CHHMA NEWS

CHHMA - EYE ON OUR INDUSTRY
Volume 12, Issue 41, October 31, 2012

Inside This Issue:

Register Now for “iPad in Business” Seminar
Make Plans to Attend the Industry Cocktail (December 13th in Montreal) 
CHHMA Looking for Volunteers to Join Committees  
Sears Launches 60th Anniversary Shoppable iPad App for Wish Book  
Canadian Tire Looks to Reduce Costs as Target Store Openings Approach
Canada’s Economy Shrinks for First Time in Six Months
Department of Finance Cuts Canada’s 2013 Growth Forecast
MLI Leading Indicator Shows Growth for Canadian Economy in September
CIBC: No U.S. Style Housing Crash for Canada
Latest U.S. Economic News  
 

Association News


Register Now for “iPad in Business” Seminar
 
The CHHMA is conducting 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 >>




Make Plans to Attend the 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.  So come join your industry colleagues and retail customers for the annual industry year-end celebration.  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 on the running of 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
 
Sears Launches 60th Anniversary Shoppable iPad App for Wish Book   
 
In 2011 Sears Canada gave customers a new way to experience the much-loved Wish Book with Canada's first shoppable iPad catalogue app and Canadians responded overwhelmingly with thousands of downloads of the app from the Apple iTunes store.  On Tuesday, the retailer announced that due to the tremendous response, Sears has developed a permanent Sears iPad Catalogue App on which will be placed various content throughout any given year, the first of which appears this week in the form of the 60th anniversary Wish Book.   Read More >> 
 

 
Canadian Tire Looks to Reduce Costs as Target Store Openings Approach 
 
According to Bloomberg News last week, Canadian Tire Corp. Ltd. is planning to wring savings in contract talks with store dealers as competition looms from Target Corp.   Bloomberg reports that Canadian Tire is negotiating with its 489 franchisees before the current accord expires on July 1, 2014, and as Target sets to open its first stores in Canada next year.   Read More >>     
 


Economic News
 
Canada’s Economy Shrinks for First Time in Six Months        

Canada’s economy slipped into reverse in August, the first decline in six months, led lower by the manufacturing and energy sectors, Statistics Canada said Wednesday.   Real GDP contracted by 0.1% during the month, following a 0.2% gain in July. Economists had expected the economy to match July’s growth in August.  Read More >>


 
Department of Finance Cuts Canada’s 2013 Growth Forecast   
 
Canada expects to maintain real economic growth of at least 2% through 2017, but lower commodity prices will cause government revenues to be a little slower than expected, Federal Finance Minister Jim Flaherty said on Monday.  The consensus of private sector forecasts, surveyed by the Finance Department, is for 2.1% growth this year, unchanged from the consensus forecast in the March budget. For 2013, the forecast was cut to 2.0% from 2.4%, but for 2014 it was increased to 2.5% from 2.4%.  Read More >>


 
MLI Leading Indicator Shows Growth for Canadian Economy in September     
 
The Canadian economy continued to show growth in September after several sluggish months of economic activity, according to the new MLI Leading Indicator released on Tuesday.  The MLI Leading Indicator showed growth of 0.2% in September, after a 0.1% gain in August and a flat reading in July. The index decelerated steadily in the first half of the year.  Read More >>   


 
CIBC: No U.S. Style Housing Crash for Canada       
 
Even though the latest news out of the Canadian housing market isn’t good, the country will avoid a U.S. style real estate meltdown, a new report from CIBC said on Tuesday.   According to the report, house prices in Canada will likely fall in the next year or two, but a number of factors are likely to mitigate the impact on borrowers and the broader economy. The bank forecasts that the Canadian housing market will likely experience a soft landing, exactly what policy makers in Ottawa are hoping for.  Read More >> 
 


Latest U.S. Economic News                 

U.S. consumer spending rises at the expense of savings; U.S. economic growth picks up in third quarter;  U.S. new home sales surge in September;  U.S. home prices continue to rise in August ... 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