Canadian Electrical Wholesaler

Jan 13, 2021

Investment In Building Construction - November 2020Total investment in building construction declined for a third consecutive month, edging down 0.1% to $15.3 billion in November. Slight decreases in both residential and non-residential construction led to minimal change overall. Gains in Ontario and Nova Scotia were offset in large part by declines in six provinces.

On a constant dollar basis (2012=100), investment in building construction decreased 0.3% to $12.4 billion in November.

Non-residential investment unchanged

Non-residential investment was mostly unchanged in November, remaining at $4.4 billion. Slight declines in six provinces were offset by small gains in Ontario (+0.4% to $1.8 billion) and British Columbia (+1.0% to $665 million). 

As lockdowns and working from home continued across many parts of the country, reduced investment in office buildings, hotels and restaurants led to an overall reduction in commercial building investment (-0.5%). Commercial building investment was the lone component of non-residential construction to decline in November and remained below pre-COVID-19 levels (-13.5% compared with March 2020). 

Investment in industrial building construction increased 0.6% in November, with the majority of the growth in Ontario (+1.7% to $339 million) and Quebec (+1.5% to $215 million). The increases reported in Ontario were attributable primarily to the construction of the $100 million Metrolinx Keelesdale transit station in the city of Toronto. 

Institutional building investment advanced 0.4%—the first increase in this component following four months of declines. The majority of the growth was reported in Alberta (+2.6%) and British Columbia (+1.5%), stemming from new construction of educational buildings in both provinces and welfare homes in British Columbia.

Residential construction declines slightly 

Investment in residential construction edged down 0.1% in November, declining for the first time in six months. Lower investment in multi-unit dwellings more than offset the growth reported for single-unit investment. Provincially, Manitoba reported the largest decline (-7.8% to $402 million), followed by Quebec (-1.1% to $2.3 billion). Meanwhile, Nova Scotia reached its second-highest value on record, up 15.2% to $271 million. 

Despite the exceptional COVID-19-related decline in April 2020, year-over-year investment in single-unit buildings increased 9.4%. In November, single-unit investment was up 2.1% to $5.6 billion. The construction of new single family homes in Toronto led to an increase of 2.1% in Ontario—the largest increase of all the provinces. 

Multi-unit construction investment declined for the second consecutive month in November, down 2.2% to $5.2 billion, and offsetting the growth observed in single-unit investment. Manitoba, Quebec, and Alberta reported the largest drops of the five provinces reporting declines in this component.

Source: Statistics Canada, www150.statcan.gc.ca/n1/daily-quotidien/210112/dq210112a-eng.htm

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.


Pandemic StudyThe year 2020 was filled with surprises. One of them was business solvency.

Insolvencies were down by almost one-third year over year during the early stages of the COVID-19 pandemic and were relatively stable in the third quarter. At the height of this century’s previous economic shocks, insolvencies rose by 10% or more. A new study looks at insolvencies during the largest economic upheaval of our lifetime.

 

 

 

Read More


 

Douglas BaldwinBy John Kerr

My father asked me to lunch one day and told me he wanted very much to meet with someone in the electrical industry who meant a lot to him, and whose friendship he wanted to share with me. This lunch, in 1982, was with Doug Baldwin.

As lunch progressed, I discovered these men shared many bonds after having met years before in Winnipeg. Doug was with Federal Pioneer at that time, my father with Triangle Conduit & Cable. It seems they hit it off and my father’s wry sense of humour was trumped only by Doug’s. 

Read More

 

Wholesale Sales - November 2020Wholesale sales grew for the seventh consecutive month in November — up 0.7% to an all-time high of $67.4 billion. Five of seven subsectors reported stronger sales, led by the machinery, equipment and supplies subsector and the building material and supplies subsector. Notably, the increase reflects higher domestic sales of Canadian goods, as both imports and exports of key commodities fell in November.

Wholesale trade volumes increased 0.9% in November.

 

 

Read More


 

 

Sean BernardBy Sean Bernard

Last year was like none other and one that we all hope never to endure again. The impact on our personal and professional lives has been dramatic, simultaneously universal and unique to each of us.

We have all heard about and experienced the heartache of not spending time with and not celebrating milestones with our extended families, not being able to take those planned vacations, and having to deal with the stresses and challenges of virtual learning with our kids.

 

Read More


 

Changing Scene

  • Prev
Driven by ever increasing level of sales approaching $6.25 billion dollars across the expanding ...
Signify Canada has announced David Grinstead, Market Leader, Canada, Signify will retire at the end ...
Bartle & Gibson has announced that Greg Stephenson has officially joined the ...
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 ...
 

 

Martin Stephenson Signify Canada has announced David Grinstead, Market Leader, Canada, Signify will retire at the end of the month. "We thank David for his contributions, passion and dedication to the company and industry," said the company via press release.

Martin Stephenson will take on the Market Leader, Canada role in addition to his current position as Head of North American Systems & Services at Signify. He reports to Kevin Poyck, Market Group Leader, Americas.

 

 

 

Read More


 

Greg StephensonBartle & Gibson has announced that Greg Stephenson has officially joined the Electrical Supply Division (ESD) of the AD Canada Electrical Divisional Board effective January 4th, 2021.

Greg is the Senior Vice President Electrical at Bartle & Gibson, based in Edmonton, Alberta. He is now entering his 27th year in the Electrical Industry and he originally began his career working for another proud AD Member, McLoughlan Supplies Ltd in St, John’s NL. During his career, Greg has also worked for many key suppliers such as, Eaton, Thomas & Betts and Siemens.

 

 

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 ...

Ariane CardinalBy Blake Marchand

Ariane Cardinal is Director of Planning, Purchasing, and Distribution with Stelpro. Ariane owns a bachelor’s degree in Engineering, although she said, “I always knew, when I was doing engineering, that I wanted to have a career more oriented towards management.”

After earning her degree, she did an internship with a company in the gas industry based out of Paris, France, which is where she was introduced to supply chain management. Ariane noted she was interested in the problem-solving aspects of supply chain, which meshed well with her engineering background. 

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