CHHMA - EYE ON OUR INDUSTRY
Volume 11, Issue 14, April 15, 2011



Association News

Quebec Golf Registration Now Open
   
Registration is now open for the 36th CHHMA Quebec Golf Classic taking place at Le Club de golf Le Fontainebleau in Blainville, Quebec on May 17th (11:30 a.m. shotgun start).  Read More >>


Come Join Your Fellow Canadian Customers and Colleagues in Las Vegas! 

Maple Leaf Night is taking place this year on the evening of Tuesday, May 10 at the Mirage Hotel & Casino in Las Vegas. This popular social event is open to CHHMA members and Canadian customers in town for  the National Hardware Show (May 10-12).   Register now.  Read More >>
    

RONA's Jean-Luc Meunier Breakfast Seminar Set for May 31, 2011

The CHHMA is pleased to be presenting Mr. Jean-Luc Meunier, Sr. Vice-President, Dealer Development, RONA inc. at an upcoming breakfast seminar in Boucherville, Quebec on Tuesday, May 31st.  The breakfast seminar will take place at the Hotel Mortagne, 1228 Rue Nobel, Boucherville, QC J4B 5H1, Registration 7:30 a.m., Breakfast 8:00 a.m. The cost to attend is $65 for CHHMA members, $85 for non-members plus 5% taxes.  Look for further details and registration info in the coming days.
      

Western Golf Tournament  at Morgan Creek on June 7
  
The 15th Annual CHHMA Western Golf Tournament will be held on Tuesday, June 7 at the Morgan Creek Golf Club in Surrey, B.C.  Tee-off times will be allocated between 11:14 a.m. and 1:17 p.m., followed by dinner and award/prize presentations which will start at 6:30 p.m.  Registration will commence later next week, so please check your email for further details or visit the CHHMA website.  Read More >>
  

Ontario Golf Tournament at Angus Glen on May 25 

The 42nd Annual CHHMA Ontario Golf Tournament is taking place on Wednesday, May 25 at the Angus Glen Golf Club in Markham, Ontario.  The cost to attend is $245+HST for CHHMA members and includes breakfast, golf, followed by an executive lunch, awards and prizes. Each golfer will also receive a pair of golf shoes.  Early Bird sign-up took place at last week's Spring Conference & AGM. Full online registration will be open early next week.  Read More >>
 

2011 Spring Conference & AGM Recap 

The 2011 CHHMA Spring Conference & AGM took place last Tuesday, April 5th, at the International Centre in Mississauga, Ontario. This year's theme was "Boom, Bust & Bounce Back" and the line-up of speakers and topics provided those in attendance with timely and useful insight for managing their businesses during this recovery period and beyond.  For a recap of the conference presentations, annual general meeting and Industry Hall of Fame inductions click here.

Industry News

Target Sees Canadian Sales at $6 Billion  

Target Corp. Chief Financial Officer Douglas Scovanner said last week that the company expects to generate at least $6 billion in annual sales in Canada in as little as six years and now plans to open about 200 Canadian stores, expanding on earlier estimates.   Read More >>
     
Economic News

Bank of Canada Warns that Loonie Could Slow Growth

Economic growth in Canada is set to tail off after the first quarter burst as momentum in exports fades in the face of a strong dollar according to the Bank of Canada's latest Quarterly Monetary Policy Report released on Wednesday. The central bank revised upward its projection for first quarter real GDP growth to 4.2% annualized, which is closer to private-sector estimates and nearly two percentage points above its previous forecast. However, the bank cut its estimates for economic expansion in six of seven coming quarters through the end of 2012 due to an expected slowdown in export growth.  Read More >>
     
Young Adults Putting Off Purchase of a Home

Young adults are the most likely age group to buy a home in the next two years but more than half of those surveyed think the time isn't right yet, according to a poll released last week by the Royal Bank of Canada. RBC's annual home ownership poll found that 55% of respondents aged 18 to 34 said it makes sense to delay a home purchase until next year.  Read More >>
     
Housing Starts Rise in March

Canadian housing starts rose for a third month in March led by multiple dwelling starts in urban areas and single-unit starts in rural areas. The annual pace of work on new homes rose 2.8% to 188,800 in March on a seasonally adjusted basis from a revised 183,700 in February, the Canada Mortgage and Housing Corp. (CMHC) said last Friday.   Read More >>
    
Building Permits Climb in February 

Statistics Canada reported last week that Canadian municipalities issued building permits worth $5.8 billion in February, up 9.9% from January. Gains in the non-residential sector in Alberta and Ontario were the main reason for the increase.  Read More >>
     

 CHHMA Events For 2011

Maple Leaf Night
Tuesday, May 10
The Mirage Hotel & Casino, Las Vegas, Nevada

Quebec Golf Tournament
Tuesday, May 17
Le Fontainebleau Golf Club, Blainville, Quebec

Ontario Golf Tournament
Wednesday, May 25
Angus Glen Golf Club, Markham, Ontario

Jean-Luc Meunier, RONA, Breakfast Seminar
Tuesday, May 31
Hotel Mortagne, Boucherville, Quebec

Western Golf Tournament
Tuesday, June 7
Morgan Creek Golf Club, Surrey, B.C.

Night at the Races
Wednesday, June 15
Woodbine Racetrack, Toronto, Ontario

Industry Memorial Golf Classic
Tuesday, September 27
Blue Springs Golf Club, Acton, Ontario

To register for all events visit our website at www.chhma.ca or call Pam Winter at (416) 282-0022 ext.21.

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"Eye On Our Industry" is published by the CHHMA as an information resource for our members. Member input regarding content and format is welcomed. Please contact Michael Jorgenson by email: mjorgenson@chhma.ca, or call at (416) 282-0022, ext. 34. CHHMA is located at 1335 Morningside Ave., Suite 101, Scarborough, ON, M1B 5M4 www.chhma.ca