Canadian Electrical Wholesaler

Sept 11, 2020

Economy EventsThis article provides a concise summary of selected Canadian economic events, as well as international and financial market developments by calendar month. It is intended to provide contextual information only to support users of the economic data published by Statistics Canada. In identifying major events or developments, Statistics Canada is not suggesting that these have a material impact on the published economic data in a particular reference month.

All information presented here is obtained from publicly available news and information sources, and does not reflect any protected information provided to Statistics Canada by survey respondents.

COVID-19 timeline

• The Government of British Columbia announced on August 4 that it had formally extended the provincial state of emergency until August 18. On August 18, the Government further extended the state of emergency until September 1.

• The Government of the Northwest Territories announced on August 5 that it had extended the territory-wide Public Health Emergency until August 18. On August 18, the Government further extended the Public Health Emergency until September 1.

• The Government of Nunavut announced on August 6 that it had extended the territory's public health emergency until August 20. On August 21, the Government announced it had extended the public health emergency until September 3.

• The Government of Nova Scotia announced on August 8 that it was renewing the state of emergency until August 23. On August 21, the Government announced it was renewing the state of emergency until September 6.

• The Government of Manitoba announced on August 12 that it would extend the provincewide state of emergency for a period of 30 days.

• The Government of Ontario announced on August 20 that it was extending orders currently in force under the Reopening Ontario (A Flexible Response to COVID-19) Act, 2020 to September 22, 2020.

• The Government of New Brunswick announced on August 21 that the state of emergency mandatory order was renewed.

Selected COVID-19 responses

• The Government of Canada announced on August 20 that it will (i) be transitioning from the Canada Emergency Response Benefit (CERB) to an Employment Insurance (EI) program, effective September 27, 2020, to provide income support to those who remain unable to work and are eligible, and (ii) introducing a new suite of temporary and taxable recovery benefits to further support workers. The Government said that while it prepares for this transition, the CERB will be extended by an additional four weeks, providing a new maximum of up to 28 weeks of benefits.


• The Government of Canada announced on August 14 that it was extending reciprocal restrictions at the Canada-U.S. border until September 21, 2020.

• The Government of Canada announced on August 26 up to $2 billion in support for provinces and territories through the Safe Return to Class Fund. The Government said the fund is in addition to the more than $19 billion previously announced for the Safe Restart Agreement to help provinces and territories safely restart their economies.

Resources

• Calgary-based Suncor Energy Inc. announced that both upgraders at Base Plant remain online at minimum rates following a fire that occurred in the secondary extraction area on August 14. Suncor said it expects mined bitumen production to return to operation by early September.

• On August 24, the Government of Canada announced that it welcomes the World Trade Organization (WTO) panel ruling that U.S. countervailing duties against Canadian softwood lumber are inconsistent with the WTO obligations of the United States.

Manufacturing

• Mississauga-based Maple Leaf Foods Inc. announced on August 18 that it had temporarily suspended pork exports to China on a voluntary basis due to recent protocols adopted by the Chinese government for Canadian processors that require any plant reporting a COVID-19 positive case to suspend exports to China temporarily.

Transportation

• Toronto-based Porter Airlines announced it was updating its return-to-service date to October 7, from the previously announced target of August 31. Porter said it temporarily suspended operations as of March 21, due to COVID-19.


Other news


• The President of the United States announced the U.S. would re-impose the 10% ad valorem tariff on imports of non-alloyed unwrought aluminum articles from Canada. The President said the tariffs would take effect on August 16, 2020. The Government of Canada subsequently announced it intends to impose surtaxes against imports of aluminum and aluminum-containing products from the U.S., representing a proportionate amount of Canadian aluminum products affected by the U.S. tariffs. The Government of Canada said these countermeasures will take effect by September 16, 2020 and will remain in place until the U.S. eliminates its tariffs against Canada.

• On August 12, the Government of Ontario released its 2020-21 First Quarter Finances, which included additional investments in support of health care and jobs. The Government forecasts a $38.5 billion deficit in 2020-2021 and a contraction in real GDP of 6.6% in 2020.

• On August 27, the Government of Alberta released its 2020-21 First Quarter Fiscal Update and Economic Statement. The Government forecasts a $24.2 billion deficit in 2020-2021 and a contraction in real GDP of 8.8%.

• On August 27, the Government of Saskatchewan released its 2020-21 First Quarter Budget Update and Medium-Term Outlook. The Government forecasts a $2.1 billion deficit in 2020-2021 and a contraction in real GDP of 5.5%.

• Toronto-based Cineplex Inc. announced that all 164 Cineplex theatres and 1,687 screens across Canada would be open as of August 21.

• The Maritime Employers Association (MMA) announce that it and the Port of Montreal Longshoreman's Union had reached an agreement in principle on a seven-month truce ending the strike that began on August 10, 2020. The MMA said the port would be operational again from August 22.

• Unifor announced on August 22 that Unifor Local 597 members at Dominion grocery stores across Newfoundland began strike action.


• Smith Falls, Ontario-based Canopy Growth Corporation announced on August 28 that it would be opening 10 brick-and-mortar retail cannabis locations across Alberta over the next week.

United States and other international news

• U.S. President Donald J. Trump declared that a major disaster exists in the State of California and ordered Federal aid to supplement State, tribal, and local recovery efforts in the areas affected by wildfires beginning on August 14, 2020, and continuing.

• U.S. President Donald J. Trump declared that an emergency exists in the States of Louisiana, Mississippi, and Texas and ordered Federal assistance to supplement State, tribal, and local response efforts due to the emergency conditions resulting from Tropical Storms Marco and Laura beginning on August 22, 2020, and continuing.

• The Bank of England's Monetary Policy Committee (MPC) voted to maintain the Bank Rate at 0.1%. The MPC also voted to continue with the existing programmes of UK government bond and sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, maintaining the target for the total stock of these purchases at £745 billion.

• The Reserve Bank of Australia (RBA) maintained the target for the cash rate and the yield on 3-year Australian Government bonds at 0.25%. The last change in the target for the cash rate was a 50 basis points reduction in March 2020.

• The Reserve Bank of New Zealand left the Official Cash Rate (OCR), its main policy rate, unchanged at 0.25% and expanded the Large Scale Asset Purchase (LSAP) programme up to NZD $100 billion. The last change in the OCR was a 75 basis points reduction in March 2020.

• The Executive Board of Norway's Norges Bank decided to keep the policy rate unchanged at 0.0%. The last change in the policy rate was a 25 basis points reduction in May 2020.

• Atlanta, Georgia-based The Coca-Cola Company announced structural changes that will result in the reallocation of some people and resources, which will include voluntary and involuntary reductions in employees. The company said the voluntary separation program will be first offered to approximately 4,000 employees in the United States, Canada and Puerto Rico.

• New Jersey-based Bed Bath & Beyond Inc. announced a workforce reduction of approximately 2,800 roles from across its corporate headquarters and retail banner stores, effective immediately.


Financial market news

• West Texas Intermediate crude oil closed at USD $42.61 per barrel on August 31, up from a closing value of USD $40.27 at the end of July. Western Canadian Select crude oil traded in the USD $29 to $34 per barrel range throughout August. The Canadian dollar closed at 76.68 cents U.S. on August 31, up from 74.60 cents U.S. at the end of July. The S&P/TSX composite index closed at 16,514.44 on August 31, up from 16,169.20 at the end of July.

Source: Statistics Canada, www.statcan.gc.ca/eng/dai/btd/cen/aug2020

Photo: Pixabay

Nexans Webinar - Key 2021 Electrical Code Changes Impacting Wire and Cable

Nexans Free WebinarJoin NEXANS for a free webinar with Isaac Müller, Applications Engineer for Nexans as he reviews and discusses the changes to the 2021 Canadian Electrical Code related to wire and cable. This free webinar will take place Wed, Jan 27, 2021 2:00 PM - 3:00 PM EST.

This webinar includes:
- Updated rules to protect cables (12-514,12-516)
- New conditions of use for wire & cable (Table 19)
- An opportunity to ask your questions

 


Click here to register today.


AEABy Blake Marchand

“It was amazing,” Alberta Electrical Alliance CEO Tara Ternes said of their first Virtual Electrical Learning Expo. “It was a built from scratch platform, based on our 26-years of experience doing the Expo,” so it certainly didn’t go without its challenges.

“Going forward it will be much easier,” she said, adding that they learned a lot in the process of putting together and putting on the event virtually with Ivy Design, a marketing firm based out of Calgary, Alberta.

 

Read More


 

Carol McGloganBy Carol McGlogan

The pandemic has given us reason to pause and evaluate everything we do. We have all been affected in our personal and professional lives, and it is during these times we realize family and community come first.

We know that EFC’s role is to bring the electrical industry closer together – and this pandemic has proven that there is no better time to come together.

 

 

Read More

 

Wholesale Product Sales - OctoberThe sale of wholesale products rose 1.0% in October to $66.7 billion, marking the sixth consecutive increase for the sector. Gains in three subsectors — machinery, equipment and supplies • motor vehicles and motor vehicle parts and accessories • building material and supplies subsectors — all contributed to the growth, which was partially offset by declines in the food, beverage and tobacco, and personal and household goods subsectors.

Sales volumes grew 1.0% in October.

 

 

 

Read More


 

 

Michelle BraniganBy Michelle Branigan

If the events of this year have shown us anything, it’s that the Canadian electricity sector is resilient. As a sector providing an essential service 24/7/365, those who work in the sector have long had that “storm mentality” and are ready for extreme weather or other crisis scenarios.

Most organizations have robust emergency plans in place, and some even have specific plans prepared for a pandemic (based on previous scares with SARS and H1N1). 

 

Read More


 

Changing Scene

  • Prev
Sean Bernard and Heather Jackson continue their progression through IDEAL Canada's leadership ...
Teledyne Technologies Incorporated and FLIR Systems, Inc.jointly announced that they have entered ...
What will it mean for Canada when Joe Biden officially becomes president of the United States of ...
Sonepar Canada is pleased to announce the appointment of Roger Gray as Texcan Ontario’s new Branch ...
Westburne Canada has announced the appointment of Rick Di Danieli to the role of Director, ...
Halco Lighting Technologies, a lighting manufacturer with a portfolio of lighting solutions ...
Bartle & Gibson Co. Ltd., has announced a new regional partnership enabling increased access to ...
On December 10th, EFC held its first virtual Industry Awards event which was a year-end celebration ...
Rittal Systems Ltd., Canada would like to announce that Tim Rourke will be resigning as President, ...
 

 

Stephanie SmithElectricity Human Resources Canada (EHRC) has announced Stephanie Smith as the winner of its annual Leader of the Year Award. A human-centred leader in a highly technical field, Stephanie has an impressive track record of building strong relationships both inside and outside of the nuclear community, as well as creating safe and inclusive working environments.

Recently appointed as the first female President and CEO of CANDU Owners Group, Stephanie developed her career at Ontario Power Generation (OPG) where she made history throughout her career. Notably, as Plant Manager at Pickering Nuclear she was responsible for the safe operation and maintenance of 6 nuclear reactors. 

Read More


 

TexcanSonepar Canada is pleased to announce the appointment of Roger Gray as Texcan Ontario’s new Branch Manager. Gray joined the company as of November 16th and has been managing the Brampton, ON branch.

Gray brings over 25 years of experience in the wire and cable distribution industry. His experience in strategic account management, familiarity of application and site limitations has earned him creditability amongst electrical contractors and OEMs alike.

 

 

Read More


 

WestburneWestburne Canada has announced the appointment of Rick Di Danieli to the role of Director, Industrial Solutions effective January 4, 2021. In this role, Rick will report to me and will be responsible for strategic direction and execution within the process and services space across Canada.


"A long standing Westburne partner and friend, Rick brings a wealth of industry and leadership experience, acquired in a 34-year career with Rockwell Automation. During that time he progressed through many leadership roles across North America, most recently as Regional Director Oil & Gas for North America," said Dave Syer, Vice President, Westburne Canada.

Read More


 

Peers & Profiles

  • Prev
Ariane Cardinal is Director of Planning, Purchasing, and Distribution with Stelpro.   ...
Following Groupe Stelpro’s recent acquisition of floor heating system manufacturer Flextherm, Yves ...
Electrimat is an independent Quebec-owned company that has specialized for 40 years in the ...
In July, Eaton announced that Vice President, Channel – Electrical Sector, Matt Cleary would be ...
Mission Technical Solutions is a recently established sales agency founded by industry veteran ...
Omid Nadi, Trade Marketing Manager with Ledvance, is a Ryerson University grad coming out of their ...

Yves ChabotFollowing Groupe Stelpro’s recent acquisition of floor heating system manufacturer Flextherm, Yves Chabot, President and CEO of Groupe Stelpro, agreed to answer our questions.

Given the recent acquisition, can you tell us about the key issues for your industry?

Many significant challenges exist. Over the short term, the industry must navigate the pandemic and deal with unprecedented labour scarcity. Over the medium to long term, we must position ourselves within the energy transition in a context where homes are increasingly smart and feature countless connected objects.

Read More


 

Copper $US Dollar price per pound

Kerrwil Publications Great Place to Work. Certified December 2019 - December 2020

538 Elizabeth Street, Midland,Ontario, Canada L4R2A3 +1 705 527 7666
©2021 All rights reserved

Use of this Site constitutes acceptance of our Privacy Policy (effective 1.1.2016)
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Kerrwil