Archive for the ‘manufacturing’ Category

There were a number of articles released late last week about different countries around the globe and their states of importing and exporting – looking at what was said about the state of Canadian importing and exporting habits, it’s good to note that things are looking good for Canada.

Canada’s numbers themselves are extremely positive and what we see happening with the US leaves room for great potential for Canada in the future. Most notably, our trade surplus with the US has dropped to $1.1 billion, which fell $1.7 billion from what it was in September.

We are seeing a rise in the exporting of commodities and resources – in general, there was a 13.7% increase of exports of industrial goods and materials. Two very important areas where we saw a very large rise in exports was gold (45% higher) and forestry. It is important to realize that the same amount of the forestry exports went to the Asian market as it did to the US – this could potentially be greatly beneficial to reduce our dependence on the US market.

Lastly, as far as importing goes, we are seeing most of our imports coming from machinery and equipment – making it look like Canadian businesses are investing in their companies right now.

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StatsCan released August’s Survey of Manufacturing on Friday. Overall, manufacturing sales in August increased 2% to $45.1 billion. This is 17.6% higher than the low of May 2009.

The industry highlights are as follows:

• Motor Vehicle Manufacturing: rose 13.8% to $4 billion
• Petroleum and Coal Products: rose 2.4% to $5.4 billion
• Non-metallic Mineral Products: rose 6.3%
• Fabricated Metal Products: rose 2.3%
• Chemicals: rose 1.5%
• Paper: rose 2.3%
• Primary Metals Industry: fell 2.2%

The provincial highlights are as follows:

• Alberta: rose 2.0%
• British Columbia: fell 0.1%
• Manitoba: fell 4.4%
• New Brunswick: fell 4.4%
• Newfoundland and Labrador: fell 0.7%
• Nova Scotia: rose 2.1%
• Ontario: rose 2.9%
• Prince Edward Island: fell 5.9%
• Quebec: rose 2.3%
• Saskatchewan: rose 6.1%

According to February’s Monthly Survey of Manufacturing, released on April 16th, done by Statistics Canada, manufacturing sales increased once again.

Some quick stats:

1. In eight of the previous nine months, sales have been increasing.
2. Dollar manufacturing sales have increased every month for the past six months. In February, that increase was 0.3%
3. Durable good (electronic products, appliances, furniture, etc) sales dropped by 0.3%, but non-durable (foods, clothing, paper, petroleum, etc) good sales increased by 0.3%
4. Most sales increases were in Ontario and in Western Canada. Quebec, Newfoundland and Labrador, New Brunswick and Nova Scotia all saw a decline in sales in February

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