1322845376Click image to enlarge

Canadian manufacturing sales continued to climb in October, yet another sign that the economy is gaining steam and will continue to grow in 2014.

 

According to the latest figures from Statistics Canada. Canadian manufacturing sales jumped 1.0 per cent in October 2013, building on a 0.6 per cent increase in September 2013. According to a report from RBC Economics Research, "markets had expected a 0.3 per cent drop...the unexpected jump in manufacturing sales volumes in October left the measure already an annualized 6.3 per cent above its third quarter 2013 average, notes RBC economist Nathan Janzen, commenting on the latest figures.

The year-over-year rate of growth in sales volumes returned to positive in October for the first time since February, and a solid reading in the earlier-released November RBC Manufacturing purchasing managers' index (PMI) suggested that recent momentum in the sector is being sustained in the near term.

"The monthly pickup in sales volumes suggests that manufacturing output likely provided another solid support to monthly GDP growth in October following a 1.1 per cent increase in the manufacturing component of GDP in September. Reports on wholesale and retail sales later this week will provide further clarity on the monthly pace of growth in the services sector although the gain in manufacturing volumes reported today pointed to some early upside risk to our prior monitoring that GDP growth slowed to 0.1 per cent in October following stronger 0.3 per cent gains in each of September and August. In turn, this suggests some modest upside risk to our forecast that fourth-quarter 2013 GDP growth rose 2.4 per cent, which would be down only slightly from a 2.7% jump in the third quarter of 2013."

RBC Economic Research

 

CASE STUDY: Big benefits with double-sided machining

Many manufacturing companies open their doors focused on a certain industry or market segment, only to expand well beyond the initial business plan.

Tool market back to pre-pandemic levels

While many industries continue to suffer under the yoke of Covid-19, Canada’s machine tool business has rebounded strongly with significant increases in orders for both metal cutting and metal forming, according to Marc Hasrouny, president of the Canadian Machine Tool Distributors’ Association (CMTDA).

Zeiss sets sights on car body metrology, automation

Zeiss Industrial Metrology has opened a new facility in Wixom, MI, dedicated to the latest developments for the process chain in car body metrology and automated inspection.

Fabricating in Canada

FABTECH Canada is the country’s premier event for metal forming, fabricating, welding and finishing

Using exothermic cutting equipment

By: Curt Wilsoncroft, national specialist for Arcair, a Thermadyne brand 

The exothermic process, which has been around for many years, is a process that releases energy in the form of heat.

World's smallest weld in thermoplastic material

UK-based TWI Ltd., in collaboration with the University of Cambridge in the UK, has developed a novel welding technique to create what TWI says is the world's smallest weld in thermoplastic material.

Joint machine tool open house draws crowds

The Joint Open House, an annual event organized by Canadian machine tool distributors, was once again, a big success among manufacturers drawn to the event to see the more than 60 CNC machine tools under power.

Hybrid multi-tasking machining technology

Mazak North America and Lincoln Electric partnership: The VC-500A/5X AM with HWD incorporates innovative Hot Wire (HWD) additive manufacturing technology that Mazak developed with Lincoln Electric.

David Andrews named Mazak Canada GM

Mazak Corporation has announced that David Andrews will be joining the Mazak Canada Group in the role of general manager.

Creaform expands with new facility

Portable 3D measurement supplier Creaform is moving its global headquarters to a larger facility in Levis, QC, to support growing business.

Bystronic’s FL 170 3D fiber laser tube cutting machine

Check out Bystronic's latest fiber laser tube cutting machine in action

The truth about 5-axis machining

For shops that aren’t already using it, 5-axis can seem pretty intimidating. In the early days, this reputation was justified, but not anymore, says Errol Burrell, Machining Center Product Specialist, Okuma America Corporation. Burrell makes the argument here for why Canadian job shops should be considering investing in 5-axis machine:

$5.96 M rolling mill at research facility to support manufacturing

Natural Resources Canada's CanmetMaterials facility in Hamilton, ON, has unveiled a $5.96 million rolling mill that will be used to support manufacturing in Canada.

Weld video library grows to more than 300

Xiris Automation Inc. has expanded its weld video library to over 300 videos.

Stay In Touch

twitter facebook linkedIn