Ford transmission plantClick image to enlargeEconomic data from the first few weeks of the COVID-19 lockdown are starting to trickle in and, as expected, the results are not good.

March’s international trade report from Statistics Canada illustrated the initial effects of a burgeoning pandemic on North American producers.

Lower trade between Canada and the U.S. pushed total Canadian merchandise trade to its lowest monthly level since January 2018. Exports fell 4.7 per cent in March, with lower shipments to the U.S accounting for about 80 per cent of the overall decline. Imports were down 3.5 per cent, almost all on account of lower shipments from the U.S.

The declines in March reflected lower shipments of motor vehicles and parts as automakers and several parts suppliers began to shutdown production as public health measures to contain COVID-19 were being implemented. 

Declines in aircraft and aircraft equipment also contributed to the reduction in trade as production in this sector was also impacted by those same public health measures. 

Production stoppages in the transportation sector continued through April and are expected to impact exports and import levels for months to come.

Bombardier forecast: 24,000 deliveries; $626 B revenue

Bombardier sees a bright horizon for its business aircraft business. It predicts it will deliver 24,000 jets worth $626 billion in its 20-year industry delivery forecast.

Grinding Know-How

For Mike Truic, CNC grinding operator at Northstar Aerospace, the grinding seminar hosted by United Grinding and its Canadian distributor Machine Tool Systems Inc., is a must-attend event.

CMTS Highlights: Sandvik Coromant "Smart Hub"

In the competitive cutting tool industry, suppliers need to set themselves apart from the competition.

Terry Yamazaki In His Own Words by Ray Chalmers

In October 2011, I became aware of Terry Yamazaki's death. The chairman of Yamazaki Mazak Corp., his obituary (he died September 15, 2011, at the age of 82) was carried on Mazak's website and in the October issues of many North American metalworking magazines.

Stay In Touch

twitter facebook linkedIn