April PMI releasedClick image to enlarge

The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI), released on April 2, registered 55.7, little changed from the 55.6 posted in February and above the neutral 55.0 threshold for the 25th month in a row.

Relatively strong rates of output and new order growth resulted in another marked rise in employment numbers, alongside the fastest upturn in purchasing activity for almost seven years.

The data, collected over the March 12-23 time frame, shows strong rises in output and new orders in March, a sharp increase in average cost burdens, and input buying expanding at the fastest pace since April 2011.

March data pointed to sustained pressure on operating capacity across the manufacturing sector, as highlighted by another solid rise in backlogs of work. Survey respondents noted that strong client demand had led to efforts to boost production capacity at their plants.

Input cost inflation picked up to its fastest since April 2014 in March, which firms mainly linked to higher prices for steel and chemicals. Increased operating expenses in turn led to another robust rise in factory gate charges, although the rate of inflation eased to a three-month low in March.

“Intense supply chain pressures and sharply rising raw material costs have been key headwinds for Canadian manufacturing companies so far this year,” said Tim Moore, associate director at IHS Markit. “The latest survey indicated that input price inflation was the highest for around four years, reflecting strong cost pressures for end users of steel and chemicals in particular.”

CN to invest $2.5 B in 966 km of new rails, maintenance

CN plans to spend $2.5 billion in 2017 to improve its core infrastructure, which includes replacement of 2.2 million rail ties, installation of more than 966 km (600 miles) of new rail, and work in bridges, branch line upgrades and other general track maintenance.

Haimer, Fullerton sign licensing deal

Fullerton Tool Co., a solid carbide tool manufacturer, and Haimer USA have recently signed a licensing agreement for Haimer’s patented Safe-Lock anti-pullout system.

Emuge names national accounts manager

Emuge Corp. has appointed Scott Lowe as national accounts manager for Canada and the U.S.

New attraction at CMTS 2013

Canada’s national manufacturing event, the Canadian Manufacturing Technology Show (CMTS), is returning to the airport after 14 years in downtown Toronto and celebrating the return with a new attraction.

Sandvik Coromant Canada appoints David Andrews as GM

David Andrews has been appointed general manager of Sandvik Coromant Canada, effective immediately.

SPI Lasers rebrands under TRUMPF name

TRUMPF Group has announced that its TRUMPF Laser- und Systemtechnik GmbH division will combine the business operations of SPI Lasers UK Ltd. to bring advantages in industrial applications via both disk and fiber technology and enhance customer service offerings.

OSG Canada adds to tooling lineup

OSG Canada has added two new tooling lines to its product offering.

Translas enters Québec market

Translas Canada Industries Ltd., a global welding gun manufacturer with its North American headquarters in Woodstock, Ont., is expanding its territory to the Québec market.

Hurco acquires Italian machine tool parts business, LCM

Hurco Companies Inc., Indianapolis, IN, has acquired the machine tool component business of LCM Srl, Asti, Italy. LCM, formed in 1986, designs and manufactures mechanical components and accessories for machine tools.

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.

International students: Future pool of skilled workers for Canadian manufacturing?

International students are increasingly setting their sights on Canada, according to a report by RBC Economics.

Manufacturing in 2012 and beyond

There are some people that think manufacturing is somehow an archaic industry that must be replaced by better industries in growing sectors such as information technology or resources.

Federal government invests $16 M in Tenaris

The federal Ministry of Innovation, Science and Economic Development has announced a $16 million investment to help Tenaris upgrade mills in Ontario and Alberta.

Manufacturers focus on augmented reality

Some manufacturers think augumented reality (AR) has an important role to play in the future and they, in conjunction with AR partners, have released the world's first augmented reality hardware and software functional requirement guidelines to help manufacturers incorporate AR technology into their processes.

APMA names Project Arrow concept design winner

The Automotive Parts Manufacturers’ Association (APMA) has unveiled the winning design for the first all-Canadian full-build, zero-emission concept vehicle named Project Arrow.

Stay In Touch

twitter facebook linkedIn