Key market and industry indicators for canada december 2014
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This document provides a summary of key economic indicators for various sectors and regions across Canada, including automotive production, manufacturing sales, housing starts, commodity prices, and mining outlook. Links are provided to recent news articles related to economic development in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, PEI, Nova Scotia, Newfoundland, as well as indicators on retail sales, GDP growth, and venture capital funding.
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Key market and industry indicators for canada december 2014
- 1. Key Market and Industry Indicators for Canada By: Paul Young, CPA, CGA
- 5. Canada Exports and Imports
- 8. Canadian Manufacturing by province
- 9. PMI Index
- 10. Freight Index
- 11. Housing Starts
- 12. AG Equipment
- 15. Commodity Prices
- 16. Oil Rig Count
- 18. Class 8 Truck Sales
- 19. Steel Analysis
- 20. Other Areas
- 21. British Colombia • Student Loans/Apprenticeship: http://www.bcbusiness.ca/finance/stephen-harper-visits-delta- announces-student-loans-for-trades-apprentices • http://business.financialpost.com/2015/01/21/only-two-b-c-lng- projects-to-proceed-as-industry-faces-anxiety-attack- analyst/?__lsa=7cb9-37c0 • South Korea: http://www.britishcolumbia.ca/global/trade-and- investment-british-columbia-blog/january-2015/free-trade- agreement-brings-opportunities-for-b-c.aspx#.VMw5_v7F_Mo • http://www.rupertport.com/news/releases/record-volumes-at- terminals-2014
- 23. Saskatchewan • Saskatchewan Manufacturing Sales: http://www.winnipegfreepress.com/business/made-in- saskatchewan-manufacturing-sales-up-62-per-cent-in-2014- 289188991.html • http://www.estevaneconomicdevelopment.ca/businessclimate.html • http://www.fortsaskatchewanrecord.com/2015/01/23/salt-cavern- expansion-gets-thumbs-up • http://www.marketwired.com/press-release/harper-government- supports-research-innovation-in-western-canada-1984585.htm
- 25. Ontario • http://oce-ontario.org/news-events/media/news- releases/2015/01/21/feddev-ontario-invests-in-smartstart-seed-fund-to- support-companies-in-southern-ontario • http://www.marketwired.com/press-release/harper-government- announces-significant-investment-expand-patriot-forge-inc-creating- 1984476.htm • http://www.plant.ca/general/eclipse-automation-expands-cambridge- operations-141150/ • http://www.canadianmanufacturing.com/financing/feds-lending-linamar- 51m-develop-next-gen-transmissions-144405/ • http://www.cbc.ca/news/canada/windsor/600-electricians-needed-to- retool-chrysler-s-windsor-plant-1.2895031
- 26. Quebec • http://montrealgazette.com/business/local-business/kdc-buys- chemaid-laboratories-launches-expansion-plan?__lsa=4aa2-89ab • http://www.cbc.ca/news/canada/montreal/energy-east-pipeline- gets-support-from-quebec-energy-board-1.2892926 • http://montreal.ctvnews.ca/132m-expansion-coming-to-port-of- montreal-to-improve-overseas-exports-1.2197322
- 27. New Brunswick • http://www.acoa- apeca.gc.ca/eng/Agency/MediaRoom/NewsReleases/Pages/4479.asp x • http://nb.cme-mec.ca/?action=show&lid=YXN82-W3NF7- IC132&comaction=show&cid=KHFMN-SSYG7-8BEGN
- 31. Retail Sales
- 32. GDP Growth
- 33. Mining Outlook - 2015 • http://www.theprovince.com/business/Canadas+mining+sector+brac es+another+challenging+year+2015/10684728/story.html
Editor's Notes
- 1. Source: Wards Automotive
- Source: Stats Canada Exports changed their reporting to breakout key countries in October 2014.
- Stats Canada
- Stats Canada This slide represent key sectors Oil/Petroleum has dropped by $1.1B since July 2014 peaks Transportation have grown by $410M Metal Fabrication and Machinery have $241M
- Stats Canada November has only 30 days as compare to October 2014 which had 31 days
- Source: RBC Notes: TORONTO, January 2, 2015 - Business conditions at Canadian manufacturing companies continued to improve at the end of the year, with output and new orders rising further, according to the RBC Canadian ManufacturingPurchasing Managers’ Index™ (RBC PMI™). Companies hired additional workers and increased their buying activity in order to meet higher demand. Cost inflation remained relatively weak by historical standards, while factory gate prices increased at the sharpest rate in seven months. A monthly survey, conducted in association with Markit, a leading global financial information services company, and the Supply Chain Management Association (SCMA), the RBC PMI offers a comprehensive and early indicator of trends in the Canadian manufacturing sector. The seasonally adjusted RBC Canadian Manufacturing PMI remained in firm expansion territory at the end of the year, signalling a further improvement in manufacturers’ operating conditions. However, the headline PMI fell from November’s 55.3 to a three-month low of 53.9 in December, suggesting that operating conditions improved at a slightly weaker rate. The average PMI reading for the fourth quarter (54.8) was the joint-best since the third quarter of 2011. “The PMI continues to register improvement in manufacturing business conditions, though it finished the year slightly lower than the last few months – at 53.9 – indicating some moderation in the pace of improvement in December,” said Paul Ferley, assistant chief economist, RBC. “Despite the recent fluctuation in commodity prices, particularly for oil, we continue to be constructive on the overall economic environment in Canada, including exports, which should mean good things for manufacturing going forward.” The headline RBC PMI reflects changes in output, new orders, employment, inventories and supplier delivery times. Key findings from the December survey include: Production and new order growth maintained, but rates of expansion weakened Rate of job creation was the lowest in six months Purchasing activity increased at strongest rate in over three-and-a-half years December data signalled a further increase in new business placed with Canadian manufacturing firms. However, the rate of growth eased since November to the weakest in three months. The slowing of new order growth largely reflected an easing in the rate of expansion of new export business. New export orders rose for the third month running, albeit only marginally overall. Where companies reported a rise in new export work, they commented on stronger demand from U.S., Mexican and Brazilian markets. Production growth also slowed in December, but remained above the survey’s average. Much of the rise in output was linked by Canadian manufacturers to increased new order intakes. With output and new order rising, companies hired additional workers and increased their buying activity. The rate of job creation eased to a six-month low, while input buying rose at the strongest rate since May 2011. The latest survey data indicated that Canadian manufacturers were cautious about their stock policies in December. Pre- and post-production inventories both declined, but the rates of depletion were only marginal. Meanwhile, backlogs of work fell for the first time since January, signalling spare capacity in the sector. Following the trend observed throughout most of the survey history, input costs faced by Canadian manufacturers increased in December. The rate of inflation was little-changed from November and relatively weak by historical standards. Companies passed higher input costs on to their clients, resulting in a further rise in factory gate prices. Finally, vendor performance in Canada’s goods-producing sector deteriorated further in December. The rate at which suppliers’ delivery times lengthened was the weakest in three months. Regional highlights include: Ontario recorded the strongest increase in manufacturing output… …while only Quebec experienced a decline in production All regions registered an upturn in export sales in December, except Quebec Alberta & British Columbia experienced the fastest rise in employment “December’s survey highlights a solid overall performance for the Canadian manufacturing sector” said Cheryl Paradowski, president and chief executive officer, SCMA. “Production levels increased at a robust pace at the end of the year, although new business growth moderated further from October’s recent peak amid a weaker contribution from export sales. Looking ahead, falling cost pressures and the ongoing recovery in U.S. economic conditions should act as tailwinds to growth for Canadian manufacturers.”
- Source: Department of Transport - United States http://www.rita.dot.gov/bts/programs/freight_transportation/
- CMC and Bureau of Stats
- Source: http://www.aem.org/MarketInfo/Stats/Reports/AgTCR-US/
- http://www.iea.org/media/statistics/surveys/electricity/mes.pdf
- http://americanmachinist.com/news/service-centers-shipments-mixed-inventories-rising
- BMO Economics
- Baker Hughes
- http://www.amtonline.org/amt_items/USMTO_Jan15.pdf
- http://www.thetrucker.com/News/Stories/2015/1/12/Decembersales2ndbestmonthin21stcentury.aspx
- http://www.worldsteel.org/statistics/crude-steel-production.html
- BC has a new carbon tax on Liquefied Natural Gas: http://www.pwc.com/ca/en/tax/budgets/2014/british-columbia-unveils-its-liquefied-natural-gas-tax.jhtml
- Source: BMO
- Source: BMO