Canadian Electrical Wholesaler

April 4 2016

Real gross domestic product rose 0.6% in January, a fourth consecutive monthly increase. Manufacturing, retail trade, and mining, quarrying, and oil and gas extraction were major contributors to growth in January.

The output of goods-producing industries grew 1.2% in January, mainly as a result of increases in manufacturing and mining, quarrying, and oil and gas extraction. Utilities, construction, and the agriculture and forestry sector also rose.

The output of service-producing industries rose 0.4%, a fourth consecutive monthly gain. Notable increases were posted in retail trade, the finance and insurance sector, the public sector (education, health and public administration combined) as well as transportation and warehousing services. In contrast, wholesale trade and the arts, entertainment and recreation sector declined.

Chart 1: Real gross domestic product rises in January

 

 

 

 

 

 

 

 

 

 

 

Manufacturing output expands again

Following a 1.1% gain in December, manufacturing output expanded 1.9% in January.

Chart 2: Manufacturing output expands again in January

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Durable-goods manufacturing rose 2.6% in January, after expanding 1.2% in December and 0.9% in November. Gains were notable in the manufacturing of motor vehicles and parts, fabricated metal products, and non-metallic mineral products in January. In contrast, machinery manufacturing decreased.

After rising 1.0% in December, non-durable goods manufacturing grew 1.1% in January, mainly as a result of gains in food manufacturing. Conversely, the manufacturing of beverage and tobacco products as well as chemicals declined.

Mining, quarrying, and oil and gas extraction rises

Mining, quarrying, and oil and gas extraction rose 0.9% in January, after decreasing 0.1% in December.

Oil and gas extraction grew (+1.4%) for the fourth consecutive month in January, mainly as a result of an increase in non-conventional oil extraction. The conventional oil and gas extraction industry also increased in January.

Following a 6.8% decrease in December, support activities for mining and oil and gas extraction grew 2.3% in January, partly because of an increase in drilling services.

In contrast, mining and quarrying (excluding oil and gas extraction) decreased 1.1% in January after rising 2.1% in December, mainly as a result of a decline in copper, nickel, lead and zinc mining.

Retail trade expands while wholesale trade declines

After contracting 1.7% in December, retail trade expanded 1.5% in January. Increases were notable at motor vehicle and parts dealers, general merchandise stores (which include department stores), and health and personal care stores. In contrast, sales at food and beverage stores declined.

Wholesale trade declined 0.2% in January, after rising for two consecutive months. Wholesalers of building material and supplies, farm products, and miscellaneous products (which include agricultural supplies) recorded a decrease. The wholesaling of machinery, equipment and supplies as well as personal and household goods rose.

Utilities up

Utilities were up 2.7% in January. Electricity generation, transmission and distribution increased 3.0% in January, following a 2.7% decline in December. Natural gas distribution rose 3.0% in January after falling 3.5% in December.

The increases in utilities in January were partly attributable to a return to more seasonal weather during the month. In December, unseasonably warm weather in many parts of the country had resulted in lower demand for electricity and natural gas.

Finance and insurance sector increases

The finance and insurance sector increased 0.6% in January. Insurance services, financial investment services and banking services all advanced.

Construction grows

Construction grew 0.5% in January. Engineering construction, residential building construction and repair construction increased. In contrast, non-residential building construction declined.

After rising for three consecutive months, the output of real estate agents and brokers edged down 0.1% in January.

The public sector increases

The public sector (education, health and public administration combined) increased 0.2% in January. Educational and health care services rose, while public administration was unchanged.

Other industries

Transportation and warehousing services rose 1.4% in January, mainly as result of gains in rail and pipeline transportation.

The arts, entertainment and recreation sector decreased 1.2% in January.

Accommodation and food services increased 0.2% in January.

Source: Statistics Canada

 

Jean-Pascal TricoireBy Jean-Pascal Tricoire

The challenges facing industry at the moment are tough: supply chain disruptions, recurring lockdowns and lingering travel restrictions, to name just a few. We’re all trying to find the balance between overcoming these challenges while working to a future where we are more resilient, sustainable and efficient.

But today’s efforts are not enough. We’re being too conservative. More of our collective energy needs to be spent on the practical “how” — the “how can we get there with immediate actions.” 

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RittalIt is April 1, 1961, when an international success story begins in a small weaving mill in central Hesse — the standardization of enclosures. Rudolf Loh founds the Rittal company and changes the industry with one idea. The standard enclosure is used in millions of product solutions in over 90% of all industries worldwide. Rittal is the innovation and world market leader for enclosure technology and IT infrastructure.

10,000 employees worldwide work on new innovations, industry solutions and business models. A small steel manufacturing company has become a global digital enterprise. 

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David GordonBy David Gordon

Electrical distributors are at a unique moment in time where they have an opportunity to leverage technology to utilize the data it can unleash to accelerate profitability and sales cost-effectively.

Being in an information age is only beneficial if the information is utilized. Enhanced sales models, sales opportunities and servicing systems are combining to help differentiate distributors. Aside from a distribution divide being created by digital and supplier selection, analytics can either widen or tighten the divide.

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GDP - January 2021Real gross domestic product (GDP) rose 0.7% in January, following 0.1% growth in December. This ninth consecutive monthly increase continued to offset the steepest drops on record in Canadian economic activity observed in March and April 2020. However, total economic activity was about 3% below the February level before the COVID-19 pandemic.

Both goods-producing (+1.5%) and services-producing (+0.4%) industries were up in January as the 20 industrial sectors were nearly evenly split between expansions and contractions.

 

 

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Swati Vora-PatelBy Swati Vora-Patel

April has been a flagship month for new milestones: it has been one full year since many of us began working from home; Zoom and other such virtual platforms have been in play for a year to keep us connected – and the reliance on digital systems has heightened over the past year to populate the influx of online catalogues and eCommerce sites.

April also marks one year since I took over the reins of EFC’s Supply Chain Network to support the electrical industry’s digital transformation journey. 

 

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Leviton

The Atlantic & Ontario YPN regions have joined forces to present YPNs with this professional development webinar. 

Date : May 5, 2021
Time : 2:00 pm to 3:30 pm EST
Location Zoom meeting
Cost : $20 (plus taxes)

More than ever, interpersonal relationships are a crucial factor in the success or the failure of an organization but also in the fulfillment of its individuals. Far away from being an easy competence to develop, soft skills might be the determining factor that will make the difference in your professional career. This webinar will give you tools to help boost your motivation and your performance in order to reach your goals, both professionally and personally.

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Bogdan BotoiE.B. Horsman & Son has transferred Bogdan Botoi from his PAC BC Manager position to lead EBH’s newly formed Industrial Services Group (ISG) as Manager.

With his vast knowledge and experience from the PAC world and his engineering background, Bogdan will lead the ISG team in continuing to provide value-added services such as proof of concept design support, MCP design, training, and other technical services and support for our customers.

 

 

 

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Canada's International Investment Position, Fourth Quarter 2020Despite ongoing current account deficits and the corresponding need for foreign borrowing, Canada's net foreign asset position continued its upward trend in the fourth quarter to reach an unprecedented level of $1,360.6 billion. For a third consecutive quarter, the increase (+$248.1 billion) was attributable to higher foreign equity prices and was moderated by the revaluation effect resulting from fluctuations in exchange rates.

Over the quarter, changes in market prices led to a $345.3 billion increase in Canada's net foreign asset position. Major foreign stock markets outperformed the Canadian stock market in the fourth quarter. 

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VerozzaUnderstanding the challenges of time-sensitive job situations, VEROZZA has introduced a Quick Ship Program for their most popular high-performance downlight collections. The program includes the ARIOBASIC and TAKEO 4.0, products, which will ship within 5-business days of receipt of order.

The process of selecting the correct fixture is easy. Select a housing and trim that include a few customized features to create the fixture Product Code. Orders can be placed at orders@verozza.com or by phone at 833.VEROZZA.

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BridgeportBridgeport Fittings’ patented Mighty-Align® Steel Slip EMT Couplings eliminate the need for additional components when installing Prefab EMT racks. The couplings can also be used to join two lengths of conduit in tight, limited space applications.

Bridgeport Fittings’ center set screw feature provides the UL-required conduit stop while a convenient sight window allows for visual inspection of proper assembly. The steel slip couplings’ ability to back out the center screw allows the coupling to be temporarily placed on one conduit end while the other conduit is moved into position. The slip coupling can then be slid into place, joining both conduits.

 

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Peers & Profiles

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Six years ago in February 2015, I interviewed David Nathaniel and called the profile I wrote “A Talent for Being There at the Right Time.” We met again this past February, this time virtually (without a cup of his wonderful expresso coffee). What follows is a summary of our conversation — “A Talent for Still Being There at the Right Time — Part 2.”

My first question to David was, what has happened in those six years? “Everything,” he said, and he started to laugh. “Obviously, we faced a lot of disruption from LED technology. 

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Rob DewarBy Line Goyette

Rob Dewar is President of AD Canada as of this past January, when AD announced it had made the strategic decision to establish AD Canada as a distinct business unit, serving the more than 150 members of its three Canada-based divisions. I recently had the chance to virtually meet Rob. I met a passionate leader about his new challenges.

“There are many projects in progress and specific to the Canadian industry and industry players. Interesting initiatives for the fall of 2021 will be announced shortly”. As Rob Dewar confirmed...

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Copper $US Dollar price per pound

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