Ford transmission plant in Livonia. PHOTO: Ford Motor Co.Click image to enlargeCanadian Manufacturers and Exporters in its March economic update says the coronavirus has “pushed the world into recession” with global growth forecast to reach 0.4 per cent this year, according to CME’s chief economist Alan Arcand.

The report predicts a collapse in growth in the second quarter, followed by a rebound in economic activity over the second half of the year and into the next. This will allow global real GDP growth to turn positive and reach 3.9 per cent 2021.

While CME forecasts the U.S. economy will contract by 3.1 per cent in 2020, Canadian real GDP is expected to fall by 3.8 per cent this year, with the economy recovering and expanding by 3.2 per cent in 2021.

As an essential service, Canada’s manufacturing sector will keep humming through the government-imposed shutdowns but is set to post its biggest decline in output since the 2008 global financial crisis due to weak demand for certain products.

Manufacturing output growth will bounce back in 2021, in line with improving domestic and global economic conditions.

Once countries are able to scale back social distancing measurers, CME expects pent-up demand and government stimulus programs to spur activity.


“Manufacturing will be critical to Canada’s success in overcoming the COVID-19 crisis. This measure will help the industry,” Says CME’s president and CEO Dennis Darby. “It will also enable to economy to rebound faster once the crisis is over.”

Download the full report from CME’s website.

NAFTA: US pushes for stringent auto content

The Canadian automotive manufacturing industry is concerned about ongoing NAFTA negotiations in light of recent reports that the US is pushing for more stringent US auto content, according to media and industry reports.

Steven Baier to head sales for Haimer USA

Steven Baier has been named national sales manager for Haimer USA and will oversee sales in Canada and the US.

“Steven’s extensive experience in tool holding and machine tool accessory sales makes him an ideal fit for our organization, and we are thrilled to have him here at Haimer to help lead our sales team,” says Brendt Holden, president of Haimer USA. Baier was previously with Lyndex Nikken for 12 years, where he served as the midwest regional sales manager.

$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.

The Trump/Trudeau meeting: Canada, US to work together on economic growth

Prime Minister Justin Trudeau and US President Donald Trump emerged from their first official meeting affirming their longstanding relationship and their agreement to continue to cooperate to ensure ongoing economic growth of the North American continent.

Association celebrates apprenticeships

The Canadian Tooling and Machining Association (CTMA) awarded its annual Apprentice Bursary Awards to four apprentices this year. The awards were presented at CTMA's Annual General Meeting in September at Elm Hurst Inn, Ingersoll, ON.

Toyota Canada reports strong sales for first half of 2019

Toyota Canada says it sold 120,368 vehicles in the first half of the year.

Lauak Canada nabs $3M federal loan

Lauak Canada, a subsidiary of Ayherre, France-based aerospace firm Lauak, has received $3 million in repayable loans from the Canadian government.

KUKA's school of robotics

KUKA Canada is once again offering its KUKA Canada College in 2017. Courses will be offered in January, February and March.

KMT Waterjet gets new owner

American Industrial Partners (AIP) has purchased 100 per cent of the shares of KMT Group, Baxter Springs, KS, a value of US$147.5 million.

Haas donates $80,000 for skills training in Canada

The Gene Haas Foundation is donating more than US $80,000 to support skills training in Canada. In Western Canada, the Gene Haas Foundation has donated US $50,000 in scholarship funding to Skills Canada and in Ontario, it has donated US $30,000 ($36,000 CDN) for scholarship funding for students enrolled in Georgian College's Mechanical Technician-Precision Skills program. Earlier this year, the Foundation donated US $50,000 to Ontario Skills for scholarships in CNC technology. To date, just in this year alone, the Gene Haas Foundation has granted $150,000 to three Skills Canada competitions and to scholarships.

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