Canadian Electrical Wholesaler

Govt Canada logoCanada’s exports continued to expand and helped grow the economy in 2012 despite a global stagnation in exports, reports Foreign Affairs, Trade and Development Canada in a just-released assessment.

In its detailed summary of the key trends and developments in international trade and investment, Canada’s State of Trade: Trade and Investment Update 2013, the department noted the following facts:
•    8 out of 10 provinces and all territories reported positive real economic growth
•    business expenditures drove most GDP growth
•    government expenditures contracted, contributing negatively to GDP for the first time since 1997
•    economic activity grew in all 4 quarters
•    inflation rose just 1.5%, nearly halving from 2.9% a year earlier
•    combined exports of goods and services grew 1.1% in a challenging global environment that saw trade stagnate and exports decrease in countries around the world; exports of services decreased 1%
•    Canada rose from 13th to 12th place among the world's leading merchandise exporters, (US$455 billion in total exports)
•    Canada remained the most important trading partner of the US, ahead of China and Mexico in total trade (16.1%)
•    Canada’s exports to Mexico reached $5.4 billion, making Mexico our fifth-largest export destination.
•    Canada’s total bilateral trade with China continued to increase in 2012, up 7.8% from a year earlier ($70.1 billion)
•    the United Arab Emirates remains Canada’s largest export destination in the Middle East and North Africa region ($1.5 billion)
•    energy is Canada’s top export commodity ($115.8 billion)

Read the full report: Canada’s State of Trade: Trade and Investment Update — 2013 .



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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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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