Durable products manufacturing led the way in JanuaryClick image to enlargeReal gross domestic product (GDP) rose 0.7 per cent in January, following 0.1 per cent growth in December, according to Statistics Canada.

This ninth consecutive monthly increase offset the steepest drops on record in Canadian economic activity observed in March and April 2020, however total economic activity was about 3 per cent below the February level before the COVID-19 pandemic.

Manufacturing increases

The manufacturing sector expanded 1.9 per cent in January, offsetting its 0.7 per cent contraction in December. Increases in sales and inventory contributed to higher production.

Durable manufacturing was up 2.9 per cent, the largest growth rate since August 2020, with increases across all subsectors. Leading the growth were fabricated metal product (+4.7 per cent) and machinery (+4.4 per cent) manufacturing. Wood product manufacturing rose 4.1 per cent. The transportation equipment manufacturing subsector was unchanged (0.0 per cent) in January as a 10.7 per cent decline in the motor vehicle manufacturing industry was fully offset by gains in all the other industries within the subsector. Electrical equipment, appliance and component manufacturing contracted 6.6 per cent.

Non-durable manufacturing increased 0.7 per cent, its fourth increase in five months. Plastics and rubber products (+8.7 per cent) led the way, with growth in chemical (+0.8 per cent), and food (+0.4 per cent) manufacturing, while paper manufacturing (-2.7 per cent), printing and related support activities (-5.4 per cent), and petroleum and coal product manufacturing (-1.8 per cent) declined.

 

Wholesale trade grows

Wholesale trade was up 3.9 per cent in January, more than offsetting a 1.5 per cent contraction in December. Eight of nine subsectors contributed to the growth, led by machinery, equipment and supplies wholesaling (+8.2 per cent), as higher imports of all types of machinery contributed to increases in the subsector.

 

Mining, quarrying, and oil and gas extraction continues growing

The mining, quarrying, and oil and gas extraction sector grew 2.7 per cent in January, a fifth consecutive monthly increase, as all three subsectors expanded.

Oil sands extraction grew 2.7 per cent as production increases continue. Oil and gas extraction (except oil sands) rose 1.3 per cent as both oil extraction and natural gas extraction were up. Support activities for mining, and oil and gas extraction grew 5.1 per cent, led by higher drilling and rigging services.

The mining and quarrying (except oil and gas) subsector was up for a third month in a row, rising 3 per cent in January, as most of the mining industries increased. Metal ore mining rose 5 per cent, as iron ore (+13.1 per cent) and copper, nickel, lead and zinc ore (+4.4 per cent) mining increased, driven by higher international demand for these commodities. Non-metallic mineral mining and quarrying contracted 2.0 per cent, mainly as a result of a decline in potash mining (-6.6 per cent). Coal mining grew 5.0 per cent, up for an eighth consecutive month.

Record number of small Canadian businesses short of skilled labour

The Canadian Federation of Independent Business (CFIB) says that more small businesses in Canada than ever are reporting that they face a shortage of skilled labour.

Report: Ottawa should do more to safeguard Canada’s technology sector

Two prominent Canadian policymakers – one Conservative and one Liberal – have joined up to call on Ottawa to do more to protect the country’s technology sector.

Jamie Schell joins Autodesk Canada

Jamie Schell has joined Autodesk as a member of the DMG CAM AMER product specialist sales team.

Walter Surface Technologies acquires tooling manufacturers

Montreal-based Walter Surface Technologies has acquired two cutting tool manufacturers, expanding its cutting tool product offering to metalworkers.

Canada embraces robo-car boom

Canada is emerging as a key player in the development of autonomous vehicle systems.

MC Machinery adds Canadian sales rep

Adam Dimitroff has joined MC Machinery as a regional sales representative in Canada for EDM and machining.

Renishaw to collaborate on 3D aerospace parts

Renishaw's Spanish subsidiary Renishaw Ibérica, S.A.U. is working with a unique selection of other Spanish engineering companies and research centres in a ground-breaking project which could change the way aerospace turbines are manufactured forever.

Algoma Steel to go public in $1.3B deal

Algoma Steel Inc. in Sault Ste. Marie, Ont., has agreed to go public in a merger with Legato Merger Corp. in an all-stock deal estimated to be worth $1.3 billion.

CTMA adds Valiant manager to board of directors

The CTMA has officially welcomed its newest member of the board of directors.

Manufacturing group forms Jim Flaherty bursary

Canadian Manufacturers and Exporters (CME) has unveiled the Jim Flaherty bursary for students enrolled in manufacturing programs at the University of Ontario Institute of Technology (UOIT)

Walter acquires ArcOne

Walter Surface Technologies has acquired ArcOne, a provider of industrial safety products based in Taunton, Mass.

Advancing science with waterjet cutting

Students of the engineering physics program at the University of British Columbia (UBC) in Vancouver, BC, are highly focused on advancing science through new, high-tech inventions, and are using an OMAX waterjet technology to fabricate the precision parts that bring student creations to life.

$500,000 donation for high school welding programs

The CWA Foundation and the Marinucci Family Foundation plan to donate $500,000 to high school welding programs in Canada. Each secondary school will receive $5,000 annually over ten years. CWA made the annoucnement at the CanWeld Conference in St. John's, NL. At the same time, the CWA Foundation plans to establish a welding program at a secondary school in Newfoundland.

Lockheed Martin Canada opens doors to innovation centre

Lockheed Martin Canada has opened the doors to its IMPACT Centre in Ottawa, an innovative demonstration centre that aims to bring industry and academia together for critical research, development and advancement of technology.

New fiber laser machine OEM in Canada

Rhino Cutting Systems is the latest Canadian company to enter the fiber laser cutting market. The company's made-in-Canada fiber laser cutting machine made its debut at FABTECH 2014 in Atlanta, GA, last November.

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