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.

Students learn about laser welding

The Conestoga College Student Chapter of the Canadian Welding Association hosted a special event for students to learn about laser welding.

Unemployment rate drops in June after record high in May

The unemployment rate was 12.3 per cent in June, a drop of 1.4 percentage points from a record-high of 13.7 per cent in May, according to Statistics Canada’s most recent Labour Force Survey.

GM Canada commits to job support for Oshawa assembly workers

GM Canada says it plans to provide financial support to the close to 3,000 workers who will be losing their jobs at the Osahwa, ON, assembly plant when it closes in 2019.

New Canadian sales manager for MC Machinery

Chris Harris is the new Canadian Sales Manager for MC Machinery Systems Canada.

Honda to invest $492 M in Ontario manufacturing plants

Honda Canada plans to invest $492 million in its Ontario manufacturing plants over the next three years to modernize is operations.

Conestoga College gets funding for skilled trades

Conestoga College, based in Kitchener, ON, will implement and lead a welding pre-apprenticeship training program that will be delivered across the country.

Cavalier acquires Mold Services Intl.

Windsor-based mould maker Cavalier Tool and Manufacturing Ltd. has acquired Mold Services Intl. (MSI), which makes single material plastic injection molds and SMC compression molds in a facility in Oldcastle, Ont., just outside of Windsor.

Northern Ontario college adds women's welding program

Collège Boréal, a French language post secondary institution in Kapuskasing, Ont., has announced a new 20-week welding program for Indigenous women.

Munish Khanna joins Bystronic Canada

Bystronic Canada Ltd. has added Munish Khanna to its team.

KPU welding instructor awarded for teaching excellence

Al Azadwinder Singh Sumal, a welding instructor at Kwantlen Polytechnic University (KPU), has been named the 2018 Howard E. Adkins Memorial Instructor Membership Award recipient by the American Welding Society.

100,000 Toyoda hybrids sold in Canada

Toyoda Canada has sold 100,000 hybrids in Canada, a milestone for the company.

Iscar, Megatel partner on machining event

Iscar Tools and Megatel have formed a partnership and plan to hold a technical machining presentation November 29 at Iscar's Oakville, ON, facility.

Canadian drone delivery company names first commercial customer

Drone Delivery Canada (DDC), a newly launched Canadian company that delivers goods by aerial drone, has announced its first commercial client.

TRUMPF Laser Tech Center celebrates 20th year

TRUMPF Laser Technology Center celebrated its 20th anniversary during its annual open house in Plymouth Township, MI, on June 7.

Stay In Touch

twitter facebook linkedIn