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CHHMA NEWS

 
   
Volume 10, Issue 35, September 9, 2010
 
                         Association News

Silent Auction Items for Industry Memorial Golf Classic
The CHHMA is looking for special items that can be offered for bid at the silent auction to be held during the Industry Memorial Golf Classic. Money raised from the silent auction will go towards the CHHMA Scholarship Program which helps support the cost of post-secondary education for children of CHHMA member company employees. Since 2001, the program has awarded $108,000 in scholarships and some 54 children of CHHMA members have benefited from the program including this year’s recipients (see below article).

The event is held in the memory of fine individuals from the industry who have passed away. This year’s event will remember Ian Hay (Northern Marketing) and Trygve Husebye (Dahl Brothers (Canada) Limited), who passed away during 2010 as well as previous honourees: Bernie Carpenter, Don McDonald, Les Groves, Bob Hilton, Doug Straus, Mel Boshart, George Giles and Ed Barnes.

To participate at this event click here for the registration form, however, if you are unable to attend you can still support the event by donating an item by September 22nd for the silent auction. Please contact Pam Winter at (416) 282-0022 ext. 21, pwinter@chhma.ca or click here for a copy of the silent auction pledge form.

The Industry Memorial Golf Classic is taking place on Tuesday, September 28th at the Wooden Sticks Golf Club in Uxbridge, Ontario. 
2010 CHHMA Scholarship Program Recipients
As previously announced, the CHHMA Board of Directors was pleased to announce seven scholarship award recipients for 2010. Photos and write-ups on this year’s winners are now available on the CHHMA website under the Programs & Services section or click here for a direct link.




                                 Customer News

Castle Building Centres Group Ltd. Moving Its Office
Castle Building Centres Group Ltd. has announced that it is moving its office as of September 18, 2010 to 100 Milverton Drive, Suite 400, Mississauga, Ontario L5R 4H1. Telephone and fax numbers will remain the same.

TIM-BR Mart Launching New Buying Show
TIM-BR MARTS Ltd. has announced that with a growing purpose to unite their coast-to-coast network of dealers and suppliers, they are launching the TIM-BR MART National Buying Show to be held in Mississauga, Ontario at the Toronto Congress Centre from March 31 to April 2, 2011.

The event will kick off with an opening evening Meet and Greet which will be followed by two days of buying activity. Over 350 TIM-BR MART dealers are expected to attend from across Canada and over 250 preferred vendors will be exhibiting products from the lumber, building materials and hardlines categories.

For further details regarding the show, please visit www.timbrmartbuyingshow.com or contact KCI Management at 519-963-4476 with questions regarding registration and booth space. All other questions can be directed to a member of the TIM-BR MARTS Ltd. team.

                         Stewardship Program News

Stewardship Ontario to Present Stewards' Fees for 2011 Blue Box Program
Stewardship Ontario will present preliminary stewards’ fees for the 2011 Blue Box Program on Thursday, September 16th from 9:30 a.m. to 11:30 a.m. at the St. Andrew’s Club & Conference Centre (150 King St. W. at University, 27th floor), Toronto. To register to attend in person or view by webcast, click here.

Stewardship Ontario would also like to remind stewards that Q3 reporting and payment of all nine-phase one materials of the MHSW Program are due by September 30, 2010. Payments will reflect the latest Orange Drop fees which took effect July 1, 2010.


ÉEQ to Conduct Consultation Meetings in November
Éco Entreprises Québec (ÉEQ) stewards are invited to register for one of three consultation meetings ÉEQ is conducting on the 2009 Schedule of Contributions. Meetings are being held in November in Quebec City, Montreal and Toronto to allow for more companies to participate and obtain the latest information.

Quebec City

November 3, 2010
9:00 a.m. - noon

Loews Hotel Le Concorde,
Leduc Fortin Room

French
Montreal

November 5, 2010
9:00 a.m. - noon

Palais des congres de Montreal,
Room 516 BC

French with
English
Translation

Toronto

November 11, 2010
9:00 a.m. - noon

Metro Toronto Convention Centre,
Room 714

English


Topics to be covered at the meetings include:

· Changes to the rules governing the fees
· Adjustments to the development of the contribution grid
· The 2009 contribution grid
· Ongoing studies and projects in Quebec, new company obligations and responsibilities under the Environment Quality Act, regulations regarding compensation for municipal services provided to recover and reclaim residual materials now under study and development at Quebec’s National Assembly

To register, please visit www.ecoentreprises.qc.ca.

Also, a reminder that October 5, 2010 is the deadline for submitting the 2008 Company Report and that payment of contributions are due by November 4, 2010.

                         Economic News

 Building Permits Fall 3.3% in July
 Statistics Canada reported yesterday that municipalities issued building permits worth $6.4 billion in July, down 3.3% from June but 33.0% higher than the level in July 2009. July’s decrease was a result of declines in both the residential and non-residential sectors.

In the non-residential sector, municipalities issued building permits worth $2.9 billion in July, down 4.3% from June, as a result of lower construction intentions for industrial and commercial buildings. The value of residential permits declined for a fourth consecutive month, down 2.4% to $3.5 billion in July, although this was 28.6% higher than in July 2009. The value of building permits for single-family dwellings declined for a fourth consecutive month, down 0.9% to $2.1 billion in July despite a 10.0% increase in Ontario. Intentions for multi-family dwellings fell 4.6% to $1.4 billion, following two monthly increases. Municipalities approved 17,099 new dwellings in July, down 4.6% from June. Single-family dwellings fell 0.8% to 7,452 units and multi-family dwellings declined 7.3% to 9,647 units.

Although building permits can be volatile, the recent data is showing the pace of growth is tapering off after a fast start to the year.

Hiring Optimism Improves in Latest Manpower Canada Survey
Optimism about hiring is improving, though most Canadian employers don’t anticipate much change in staffing levels in the coming months as concerns over the U.S. economy remain. 70% of companies surveyed do not see a change in head count in October through December, 21% do expect to hire people, while 7% see job cuts.

While most of the losses from the recession have been recouped, most economists expect further hiring will be muted, as employers wait for more evidence of a sustained recovery before adding to payrolls. The U.S. economy is keeping people cautious. Hiring sprees are unlikely but the overall outlook is still the highest in two years. Manufacturers of durable goods are the most upbeat in a decade. Hiring in the mining and energy sectors is also increasing, particularly in Western Canada.

Manpower Canada polled almost 1,900 Canadian employers in July.

Bank of Canada Raises Benchmark Interest Rate 
The Bank of Canada raised its benchmark interest rate yesterday by 25 basis points to 1%, explaining financial conditions remain “exceptionally stimulative” even in the face of slowing but still growing economy. The central bank acknowledged the economic recovery in Canada would be “slightly more gradual” than forecasted in its July Monetary Policy Report, due to sluggish private-sector demand in the U.S. which is being held back by high unemployment. However, it said domestic demand was expected to be “solid” and business investment to advance “strongly” powered by “accommodative” credit conditions that have eased further in recent weeks due to sharp declines in bond yields. Consumers continue to take out loans at a steady pace, with central bank data suggesting household credit expanded at an annualized 7.1% pace for the three-month period ending July 31. The Bank of Canada said future hikes in its key lending rate, up 75 basis points in the past three months, “would need to be carefully considered in light of the unusual uncertainty surrounding the outlook.”

Canadian GDP expanded 2% annualized in the second quarter, well below the central bank’s forecast of 3%. However, analysts have said the economy was stronger than the headline number, as final domestic demand advanced at a robust pace of 3.5%. Plus, much of the drag in the second quarter was from so called “import leakage”, in which gains in imports, as firms acquired productivity-enhancing equipment at the fastest pace since 2005, outstripped exports. The Bank of Canada should be pleased at the turnaround in business investment, which it has argued is required for the recovery to maintain momentum once consumer spending tapers off. In addition, investment from firms in productivity-enhancing technology is required to ensure future growth. The central bank said inflation, which it aims to maintain a 2% level, has been “broadly in line” with expectations and “its dynamics are essentially unchanged.”

The Bank of Canada is scheduled to provide an updated economic outlook next month, two days following its next interest rate decision on October 19th. The latest central bank forecast is for 3.5% economic growth this year, followed by 2.9% expansion in 2011.

TD Economics says the odds now favour the Bank of Canada pausing for some time on raising rates and does not anticipate another increase before March of next year. Craig Alexander, chief economist was quoted as saying “Since the start of the year, the Bank of Canada’s outlook for economic growth in 2011 has been too rosy. Their forecast for real GDP growth in 2011 has been steadily ratcheted downward, from an expectation in January of 3.5%, down to 3.1% in April, sliding to 2.9% in July. In the opinion of TD Economics, the Canadian economy will be hard pressed to expand by 2% next year. The implication is that soft economic numbers are anticipated in the coming months. Indeed, we expect that the unemployment rate could edge higher in the near term and core inflation is expected to dip towards 1.4% in early 2011. This outlook suggests that a pause in the tightening cycle could easily occur.”

Upcoming CHHMA Events For 2010
Memorial Golf Classic
Tuesday, September 28
Wooden Sticks G.C., Uxbridge, Ontario
Industry Cocktail
Tuesday, November 30
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

CHHMA Cost Savings Links
(Click on logos to see how your company can save money)

"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 (416) 282-0022, ext. 34.

 

 

Canadian Hardware & Housewares Manufacturers Association | 1335 Morningside Ave., Suite 101, Scarborough, ON M1B 5M4
Telephone: (416) 282-0022   Email: pwinter@chhma.ca