CHHMA - EYE ON OUR INDUSTRY
Volume 11, Issue 27, July 20, 2011
Inside This Issue:
CHHMA Group Insurance & Benefits Program
Register for CHHMA Go Kart Night
Nine Things Successful People Do Differently
Bank of Canada Maintains Key Rate, Hints at Future Hikes
Canadian Home Resales Up 2.6% in June
TD: Canadian Housing Market to Undergo Moderate Correction
U.S. Home Building Improves in June but Still Facing Many Challenges
U.S. Consumer Prices Fall in June
U.S. June Retail Sales Edge Higher
Association News
CHHMA Group Insurance & Benefits Program
Last December's Group Insurance renewal marked the sixth year for the CHHMA Group Insurance program. In today's cost-conscious and competitive environment we understand that you are looking for opportunities to balance the cost of benefit programs, while ensuring they meet the health and financial protection needs of your employees. Read more about the benefits of the CHHMA Group Insurance plan. Read More >>
Register for CHHMA Go Kart Night
The CHHMA Go Kart Night is taking place on Thursday, September 1st at the Circuit ICAR motorsports complex (http://www.circuiticar.com/accueil.html), located 20 minutes north of Montreal in Mirabel, Quebec.
The Go Kart racing will take place on an outside 1 km long track designed by 1997 F1 World Champion Jacques Villeneuve, where karts can reach speeds of up to 65 km/h.
The cost to attend is $100 for CHHMA members, $120 for non-members plus taxes and will include a cold buffet served in the clubhouse (5:00 p.m.) prior to the racing competition which will start at 6:30 p.m. The competition will be a team format so register a team foursome (individuals not registering as a foursome will be assigned to teams). The event is limited to 40 persons, so register soon!
Click here to register: http://www.chhma.ca/Public/CHHMA-Upcoming-Events.
Best Business Practices
Nine Things Successful People Do Differently
Why have you been so successful in reaching some of your goals, but not others? If you aren't sure, you are far from alone in your confusion. It turns out that even brilliant, highly accomplished people are pretty lousy when it comes to understanding why they succeed or fail. The intuitive answer - that you are born predisposed to certain talents and lacking in others - is really just one small piece of the puzzle. In fact, decades of research on achievement suggests that successful people reach their goals not simply because of who they are, but more often because of what they do. Read More >>
Economic News
Bank of Canada Maintains Key Rate, Hints at Future Hikes
As widely expected, the Bank of Canada announced yesterday that it will maintain its overnight rate at 1% for the seventh consecutive meeting, but hinted more strongly that it will start hiking rates sooner than later. The bank pointed to global threats on both sides of the Atlantic and weaker than expected exports for not increasing rates at this time but also signalled that the domestic economy is moving closer to full capacity and the likelihood of higher rates. Read More >>
Canadian Home Resales Up 2.6% in June
According to statistics released last Friday by the Canadian Real Estate Association (CREA), seasonally adjusted MLS home sales rose 2.6% from May to June, with two-thirds of local markets posting month-over month gains in June. Year-over-year sales were up 10.8%, reflecting falling demand that occurred in June of last year. Read More >>
TD: Canadian Housing Market to Undergo Moderate Correction
Canada's housing market is set to undergo a "moderate correction", with resale activity poised to drop 15.2% and average prices likely to fall 10.2% over the next two calendar years, according to a report released by TD Economics last week. "A combination of more subdued job and household income growth, rising interest rates, the recent tightening in borrowing rules for insured mortgages and fewer first-time home buyers are expected to be the chief culprits behind the slowdown," said the report prepared by deputy chief economist Derek Burleton and economist Sonya Gulati. Read More >>
U.S. Home Building Improves in June but Still Facing Many Challenges
The outlook among U.S. home builders improved in June but the future prospects for U.S. home construction are anything but promising. The National Association of Home Builders said on Monday that their index of builders' outlook rose two points to 15 in June. Any reading below 50 indicates negative sentiment about the housing market. The index hasn't reached 50 since April 2006, the peak of the housing boom. In May, the index had hit its lowest level in nine months and remains just seven points above the lowest reading on record that took place in January 2009. Read More >>
U.S. Consumer Prices Fall in June
The Labor Department reported last Friday that the U.S. Consumer Price Index fell 0.2% in June because of a decline in gas, but Americans also paid more for autos and clothes. After excluding volatile food and gas costs, core prices rose 0.3% from May. That was the second straight monthly gain and the largest back-to-back increases since the summer of 2008. Read More >>
U.S. June Retail Sales Edge Higher
The Commerce Department reported last Thursday that U.S. retail sales rose marginally in June by 0.1%, as consumers spent more on cars and in big chain stores, while falling gas prices limited retail sales. This follows a 0.1% decrease in May, which was the first decline in 11 months. When excluding autos, retail sales were flat in June. Read More >>
CHHMA Events For 2011
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Soiree Karting/Go Karting Night
Thursday, September 1
Circuit ICAR, Mirabel, Quebec
Industry Memorial Golf Classic
Tuesday, September 27
Blue Springs Golf Club, Acton, Ontario
Industry Cocktail
Tuesday, November 29
Casino de Montreal, Montreal, Quebec
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To register for all events visit our website at www.chhma.ca or call Pam Winter at (416) 282-0022 ext.21.
CHHMA Links
Freight Logistics Savings
No Obligation Consultation
Discount Cellular
Phone Rates
Long Distance &
Telecommunications Savings
Discount Gas & Diesel Rates
Logo Apparel &
Promotional Products
Office Product Discounts
"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