Canadian Electrical Wholesaler

Oct 31, 2019

GDP Rise AugustReal gross domestic product edged up 0.1% in August, following no change in July. Goods-producing industries were up 0.2% after two months of declines, led by a rebound in manufacturing, while services-producing industries edged up 0.1%. Overall, there were gains in 14 out of 20 industrial sectors.

On a three-month rolling average basis, real gross domestic product rose 0.5% in August, compared with a 0.8% increase in July.

Manufacturing resumes expansion

The manufacturing sector grew 0.5% in August, following essentially no growth in July. Durable manufacturing rose 1.0%, while non-durable manufacturing declined 0.2%. The rise in manufacturing production was primarily due to increased sales, as the inventory-to-sales ratio declined in August according to the Monthly Survey of Manufacturing.

The rise in durable manufacturing partly offset the declines of the previous two months, with 6 of 10 subsectors expanding. Fabricated metal product manufacturing (+5.9%) and non-metallic mineral product manufacturing (+5.3%) contributed the most to the growth, reflecting in part higher international demand for these products. For the first time since January 2012, transportation equipment manufacturing (+1.0%) was up for the fourth month in a row, with growth in aerospace products and parts, other transportation equipment and motor vehicle body and trailer manufacturing.

The decline in non-durable manufacturing was widespread as six of nine subsectors were down, led by a 1.5% decline in food manufacturing. The largest increase in terms of output came from plastic and rubber products (+2.5%).

Professional services keep growing

The professional, scientific and technical services sector was up 0.7%, continuing its uninterrupted growth since February 2018. It is the sector with the second-largest growth in employment since the beginning of 2019 and accounts for about 6% of both gross domestic product and employment. The majority of the sector's industries were up in August, led by computer systems design and related services (+1.3%).

Legal, accounting and related services grew 0.8%, reflecting in part a 1.8% increase in the activity at offices of real estate agents and brokers. Housing resale activity was up in the majority of Canadian urban markets.

Finance and insurance expands

The finance and insurance sector expanded 0.5% in August, rising for the fourth month in a row, led by a 2.9% growth in financial investment services. The S&P/TSX Composite Index volatility contributed to the highest volume of transactions in August since 2012, as global trade tensions affected markets throughout the month. Depository credit intermediation and monetary authorities expanded 0.3%, while insurance carriers and related activities were down 0.2%.

Construction growth resumes

The construction sector was up 0.3% in August, the third increase in four months. Residential construction rose 0.6%, offsetting July's decline, as growth in single-unit and multi-unit dwellings more than offset a decline in home alterations and improvements. Non-residential construction (+0.2%) was up for the eighth time in nine months as activity in the commercial, industrial and public sectors increased. Engineering and other construction increased 0.2%, while repair construction edged down 0.1%.

Mining, quarrying, and oil and gas extraction edges up

Following a 3.6% decline in July, the mining, quarrying and oil and gas extraction sector edged up 0.1% in August.

Support activities for mining and oil and gas extraction rose 8.6% in August, following a 13.1% drop in July, as all types of supporting activities rebounded.

Oil and gas extraction was down for the third time in four months, contracting 1.6% in August. Oil sands extraction (-3.6%) was down for a fourth consecutive month, in part due to maintenance shutdowns at some facilities. Oil and gas extraction (excluding oil sands) edged up 0.3% as growth in natural gas extraction more than offset lower crude petroleum extraction, resulting in part from continued production disruptions at some offshore facilities in Newfoundland and Labrador.

Mining and quarrying (except oil and gas) edged down 0.2% as the majority of the industries contracted. Metal ore mining was down 1.7% in August, continuing its sequence of increases alternating with declines since February, as all industries were down except for iron ore mining (+5.4%). Coal mining declined 5.0% in August, fully offsetting July's growth. Non-metallic mineral mining rose 2.5% in August, as a result of growth in potash mining (+5.1%), which increased for the fourth time in five months following three monthly declines in the first quarter of 2019. 

Wholesale decline more than offsets July’s growth

Wholesale trade was down 1.3% in August, more than offsetting July's growth. The declines were broad-based as six of nine subsectors contracted. Machinery, equipment and supplies wholesalers (-2.7%) posted a third decline in four months, partly due to a decrease in imports of related products. Personal and household goods wholesaling decreased 3.8%, following record-high imports of pharmaceutical products from Germany and Switzerland in July. Building materials and supplies wholesalers (+1.6%) registered their fifth gain in six months after declines in the second half of 2018 and the first quarter of 2019.

Other industries

Utilities were down 1.5% in August. Electric power generation, transmission and distribution decreased 1.8% as many parts of the country experienced cooler than seasonal temperatures in August, resulting in lower demand for air conditioning.

The retail trade sector was up 0.3%, growing for the third month in a row after showing little upward movement since the end of 2018. Gasoline stations posted a 2.4% gain in August, in one of the peak demand months for motor gasoline. All types of retailers associated with back-to-school shopping registered increases, led by general merchandise stores (+1.8%).

The transportation and warehousing sector edged up 0.1% in August, following two months of decline. Increases in most subsectors more than offset a 0.6% decrease in air transportation, the third in four months and the largest since December 2018. Pipeline transportation edged up 0.2% as higher movement of natural gas was partly offset by lower movement of crude oil and other pipeline transportation. Rail transportation edged up 0.2% after declines in June and July.

Source: Statistics Canada, https://www150.statcan.gc.ca/n1/daily-quotidien/191031/dq191031a-eng.htm

 

 

Carol McGloganBy Carol McGlogan

We are on the cusp of a major tidal wave hitting our industry; the onslaught of 10,000 new employees are set to replace the current base who are over 55 years of age and are on the horizon of retirement. This talent refresh brings on many opportunities for progress to address evolving customer needs, new product solutions and supply chain digitization. New skills and new ways of thinking will propel us forward. However, the challenge this talent pool will have is to understand the industry that they have settled in. This challenge is further magnified as the time required to absorb industry knowledge is compressed due to the accelerated exit of industry knowledge.

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Swati Vora-PatelBy Swati Vora-Patel

The Electrical industry is facing a runway of crossroads — and digital innovation intersects each one of the crossroads. Digital advancements in technology are transforming everything from product development and manufacturing to supply chain management and customer purchasing behaviours. While all of these changes have digitization at the core, there’s another factor that our industry needs to bring front and centre: People.

 

 

 

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Value of Building Permits - DecemberThe total value of building permits issued by Canadian municipalities increased 7.4% to $8.7 billion in December. Increases were reported in five provinces, led by Ontario (+10.5% to $3.4 billion) and Quebec (+15.8% to $2.2 billion). For 2019 overall, municipalities issued $102.4 billion worth of permits, up 2.6% compared with 2018.

Value of residential permits up

The total value of permits for multi-family dwellings was up 15.9% to $2.9 billion in December, mostly due to large projects in the census metropolitan areas (CMAs) of Montreal and Vancouver.

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Changing Scene

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IDEA Connector LaunchOn January 31,2020, the new IDEA Connector will go live to over 6500 distributor locations with updates being fed daily by the IDW. Distributors will gain access to IDEA Connector’s Production Environment on February 14, 2020 to verify their migrated extracts and custom maps before they are fully cutover in a phased approach from the IDW to IDEA Connector beginning March 22, 2020.

The IDEA Team is working to ensure a smooth launch. If you are a distributor customer, you’ll receive communications on your cutover date and what you’ll need to do to prepare.

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SouthwireSouthwire has appointed Rahila Dhansi to the position of Manager, Human Resources. In her role, Rahila will be responsible for overseeing Southwire Canada’s HR plans in ways that support our mission and strategy.

Rahila holds a Bachelor’s degree in Employment and Industrial Relations from the University of Toronto and is a Certified Human Resources Leader (CHRL) under the Human Resources Association.

 

 

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Graybar TaylorGraybar Canada announced the retirement of Executive Vice President and General Manager, Brian Thomas, effective March 1, 2020. Upon his retirement, Jason Taylor will be appointed Executive Vice President and General Manager, assuming leadership of Graybar Canada.

Thomas started his career with Graybar Canada, and its predecessor Harris & Roome Supply, in 1987. Throughout his 39-year career in the electrical industry, Thomas held a variety of sales and senior management positions before being promoted to Executive Vice President and General Manager in 2016. 

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Peers & Profiles

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Sean Bernard is the Intelligent Controls Manager, Canada for Ideal Industries. Sean resides in ...
Christina Huang is a Senior Contracts Manager for Schneider Electric. She has a varied, technical ...
Jenny Ng is a Business Development Manager for the Power Solutions Division of Schneider Electric. ...
With over 60-years of experience in the lighting industry, CBC Lighting has established itself as a ...

Sean BernardBy Blake Marchand

Sean Bernard is the Intelligent Controls Manager, Canada for Ideal Industries. Sean resides in Whitby with his wife, Melissa and their daughter, Everleigh.

Sean joined Ideal Industries mid-2019 after 13-years in lighting, working for companies like Phillips, Franklin Empire, and Standard Products. Throughout that time, he made his way from inside sales, to outside sales and up into management.

 

 

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