CNC machine tool sales increase in 2014. Image: DMG MORI Click image to enlarge

The Canadian economy is in good stance: CNC machinery sales have increased over 2013 orders and Canada's economy has grown faster than economists forecast according to recent figures from the Canadian Machine Tool Distributors' Association (CMTDA) and Statistics Canada.

"An increasingly strong US economy will benefit our exporters, also helped by the weaker loonie, which has made our products more competitive in the USA," said Frank Hayder, CMTDA president, who spoke at the organization's annual general meeting on November 26, held at Rattlesnake Golf and Country Club in Milton, ON. He noted that "oil sands will grow despite price hits...the auto sector will grow 8 per cent in 2014 and 3 per cent in 2015...good growth is also seen in the aircraft, chemical, plastic and industrial machinery sectors."

Canada's economy continues to grow, with gross domestic product rising 2.8 per cent from July to September, according to Statistics Canada. Exports grew at a 6.9 per cent annalized pace in the third quarter, led by crude, metals and chemicals, while imports increased 4.0 per cent. As well, business gross fixecd capital formation growth increased to 5.9 per cent from 3.2 per cent.

The economic growth exceeded the Bank of Canada's October estimate for third quarter growth of 2.3 per cent. While the figures are positive, Canada's economy is still not as strong as the US, where econmic growth hit 3.9 per cent in the third quarter, up from 3.5 per cent in the second quarter.

However, despite slower growth in Canada, stronger growth in the US will benefit Canadian manufacturers, noted CMTDA president Frank Haydar. For the most part, machine tool sales in Canada saw double digit increases in orders over 2013, with only a descrease in orders of "metal cutting non-CNC machine" orders.

Metals Supply: Service to Go & Grow

by Mary Scianna

Metals supply business invests in technology to better service customers

Advances in CNC machine tool controls

by Kip Hanson

Smart CNCs bring efficiency, predictability, and greater control to shops of all sizes

Shop Tools

Quality & Plant Management

 
Union welcomes Chrysler $2 B investment in Windsor

Chrysler's announcement that it's investing $2 billion in its Windsor, ON, minivan plant was welcome news by workers in the automotive industry.

A Broader Base

by Andrew Brooks

Process diversification is one way to survive and thrive in a down market

Automotive Manufacturing: Heavy metal

by Tim Wilson

The Problem: Remaining competitive in a tough global market

The Solution: Innovation and flexiblity

Ontario auto parts stamper knows the road to success

The Weakest Link

by Alan Levine

Computer-Aided Manufacturing (CAM) is a workflow process commonly used in modern manufacturing to produce components on numerically controlled machine tools.

Sirco/Haas open house welcomes hundreds

Hundreds of manufacturers attended a one-day open house at Haas Factory Outlet, a division of Sirco Machinery Co. Ltd., in Toronto on May 28.

Efficient abrasive pipe grinder

Scotchman‘s AL150 Abrasive Pipe Grinder/Notcher is economical, great for high production and an efficient abrasive pipe grinder that notches gas pipes, steam pipes, stainless steel pipes, and other types of pipes.

Driving the jet

by Kip Hanson

Smart CAM systems make waterjet fast and efficient

DMG MORI debuts machining technologies at German open house

 

DMG MORI held its annual open house at its Pfronten, Germany facility, to debut advances in machining technologies, including the introduction of six new machine tools and Industry 4.0 enabling technologies.

Memex, Caron Engineering partner on machine connectivity

Caron Engineeering and Canadian firm Memex Automation, Burlington, ON, have signed a joint technology and marketing agreement for Memex's real-time machine connectivity and Overall Equipment Effectiveness (OEE) metrics. 

Additive Advances

by Kip Hanson

Three surprising examples of how 3D printing is changing the world of manufacturing

In-line measurement: Assessing the benefits

by Mary Scianna

In most instances, the type of measurement system you use in your manufacturing operation is determined by your production parameters.

Job Shops - Ontario - Reinventing a business

by Kip Hanson

Turning a "financial lemon into lemonade"

Stay In Touch

twitter facebook linkedIn