Canadian Electrical Wholesaler

Oct 30, 2020

EIN Sep BuildingSep 400All sectors observed gains in the total value of building permits issued in September, which rose 17.0% to $9.4 billion. Over three-quarters of this growth came from permits issued in Ontario. With COVID-19 cases rising in many regions in September, some municipalities reported that builders have begun to submit applications earlier as a precaution against potential shutdowns.

Ontario and British Columbia drive residential growth

The total value of residential permits issued in September, including single family and multi-family dwellings, increased 6.9% to $6.0 billion.

The value of permits issued for single family homes rose 8.9% to $2.8 billion in September, led by Ontario (+18.0%). This was the fifth consecutive monthly gain reported in the province, outweighing the declines posted in six other provinces.

Five provinces reported an increase in the value of permits issued for multi-family dwellings, lifting the national total by 5.2% to $3.3 billion. British Columbia (+49.1%), after two months of decline, led the nation in growth in this component.

Ontario permits make up over half of the value in the non-residential sector

The total value of non-residential permits was up 40.6% to $3.4 billion in September, mostly attributable to large projects in Ontario (+$805 million).

Additional permits for Project Python in the city of Ottawa and the Breithaupt Block office building in the city of Kitchener, contributed to a 42.3% rise in the value of commercial permits nationally, increasing the total to $1.9 billion.

The value of permits issued for industrial buildings rose in eight provinces, breaking the downward trend observed over the previous three months. Permits issued in Quebec, Ontario and Prince Edward Island drove the increase of 49.1% to $713 million nationally.

Following two months of declines, the value of institutional permits expanded by 30.2% to $799 million. A $130 million permit issued for major renovations to the Centre Hospitalier Universitaire de Sherbrooke in Quebec and several permits issued for the new construction of nursing homes and senior citizen homes in Ontario contributed to the increase in this total.

Quarterly levels near those observed in the fourth quarter of 2019

Following four consecutive quarters of decline, the value of building permits jumped 16.5% in the third quarter of 2020, almost returning to levels observed in the fourth quarter of 2019. This was the largest gain since the fourth quarter of 2009 when the economy was recovering from the 2008 financial crisis, and possibly reflected the issuance of permits previously delayed as a result of COVID-19.

All sectors posted gains in the value of permits issued in the third quarter of 2020, with the residential sector soaring to record levels. Residential permits rose 16.8% to $16.9 billion, the highest level since the start of the modern series which dates back to 2002.

Multi-family dwellings drove this upward movement, climbing back to just under the $9.4 billion peak reached in the second quarter of 2019.

In recent years, permits for single family homes have been declining slightly, but in the third quarter, they jumped 36.7% to levels not seen since the first quarter of 2018. As teleworking has become the new normal for many people during the pandemic, the desire for more space may be shifting consumer demand towards single family homes.

To explore the impact of COVID-19 on the socioeconomic landscape, please visit the Canadian Economic Dashboard and COVID-19.

Go HERE for more information 

Economy EmploymentAs a result of widespread measures taken to contain the spread of COVID-19, the Canadian economy contracted 11.6% in April, following a 7.5% drop in March. By the end of May, many businesses had begun to adapt to the new reality by shifting to teleworking, reducing hours, laying off staff, applying for government funding or seeking rent relief.

As pandemic-related restrictions were gradually lifted throughout the summer, the business climate began to improve slightly. For example, real gross domestic product grew 1.2% in August, the fourth consecutive monthly increase, which continued to offset the steepest drops in Canadian economic activity on record that were observed in March and April. 

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Swati Vora-PatelBy Swati Vora-Patel

“As a distributor, we need to build capabilities around experiences, data and the technologies that are driving change… It’s important that we listen, experiment and help lead our customers forward.” Chief Marketing Officer, Distributor — from the book Innovate to Dominate: The 12th Edition in the Facing the Forces of Change Series

Mapping your company’s digital transformation begins with an outside-in approach. 

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COVID AirBy Angela Jamieson and Marc Laplante

The importance of clean air has been thrust into the spotlight with the emergence of COVID-19 and the rapidly spreading infections related to it. Examples have emerged around the world showing how aerosols may be playing a role in transmission; the choir practise in Washington State where over 80% of their members were infected (primary or secondary)1 after their final practice before shutting down for COVID restrictions, or the restaurant in Guangzhou, China where COVID-19 was theorized to have spread according to the air movement from an air conditioning system2. 

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Carol McGloganBy Carol McGlogan


When it comes to marketing and customers, some things never change, while some things are always evolving! The parts that never change for marketers are that we need to be where our customers are, when they need us, and with the right information. The parts that are in constant flux are our customers’ buying behaviours and the technologies available to intervene and influence the customer experience.

COVID-19 has forced us all into new habits both personally and in business. For instance, social isolation has caused us to rely more heavily on technology to fill in the gaps. 

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Changing Scene

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Zigbee AllianceThe Zigbee Alliance, an organization of hundreds of companies creating, maintaining, and delivering open, global standards for the Internet of Things (IoT), announced an important movement within the Project Connected Home over IP initiative, forming a team dedicated to the development and promotion of the standard for commercial markets.

This move is in alignment with the overall vision for the initiative, which is to develop and promote the adoption of a new, royalty-free connectivity standard, simplifying development for manufacturers and increasing compatibility for customers and consumers.

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EatonPower management company Eaton Corporation plc announced that earnings per share were $1.11 for the third quarter of 2020. Excluding charges of $0.05 per share related to acquisitions and divestitures and $0.02 per share related to a multi-year restructuring program, adjusted earnings per share were $1.18.

Sales in the third quarter of 2020 were $4.5 billion. Organic sales were down 9 percent, and the divestitures of the Lighting and Automotive Fluid Conveyance businesses reduced sales by 8 percent, partially offset by 2 percent growth from acquisitions.

 

 

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CEW Stelpro flextherm 400The Stelpro Group, owner of Stelpro, is pleased to announce that it has acquired Flextherm, the electric floor heating industry. Flextherm was founded in 1991 by Philippe Charron, who brought a new vision to the market. Sustained work with the standard-setting bodies made it possible to revolutionize the industry by certifying heating cable installations directly on plywood, making the technology accessible to a greater number of people.

Many other innovations, including a complete range of heating cable products and controls and focus on quality and service helped build a strong brand over the years and raised the company to the enviable status it has today. 

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Adrian Thomas and Annette ClaytonSchneider Electric announced today the promotion of Adrian Thomas to country president, Canada, effective January 1, 2021. Mr. Thomas succeeds Susan Uthayakumar, who held the role of country president for the past three years. Mr. Thomas will report to North American CEO & President, Annette Clayton.

Susan Uthayakumar, has been appointed as the global leader for Schneider Electric's Sustainability Business Division, reporting to Chief Strategy & Sustainability Officer, Olivier Blum. 

 

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EFC 2020 Industry Awards

EFC 2020 Industry AwardsWe may not be able to celebrate in person this year, but EFC would like to invite you to their premier Industry Awards in a new and exciting virtual format. 

This year’s Electro-Federation Canada's 2020 Industry Awards will recognize member recipients through a virtual presentation honouring their strong leadership and commitment to contributing to the health of the industry. EFC's National Advisory Council chairman, Steve Branscombe, Independent Electric Supply, will emcee the Awards on Thursday, December 10th, 2020 at 4:30 pm EST.

 

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Peers & Profiles

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MercuryBy Blake Marchand

Headquartered in Concord, Ontario, Mercury Lighting services national retail, multi-residential/commercial property management, energy service companies (ESCO), and auto dealerships.

“From design to specifications, we offer turn-key services that go beyond the typical distributor model,” explained Mercury Lighting Vice President, Eric Tordjman. Their value-added approach leverages well-established supplier relations to help clients find a lighting solution that suits their needs.

 

 

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Jason PrevostBy Line Goyette

“Never forget to look at the big picture.” These words of advice are from the father of Jason Prevost, his first mentor, who worked as a marketing specialist. Jason has repeated them often over the past two years during what might have been the hardest personal crisis of his life.

At a time when he was forced to reassess his professional future, his wife and the mother of his two teenage children was diagnosed with a virulent cancer.

 

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