CHHMA - EYE ON OUR INDUSTRY
Volume 11, Issue 23, June 23, 2011
Inside This Issue:
New Canada Consumer Product Safety Act
Register for CHHMA Soiree Karting/Go Kart Night
CHHMA Scholarship Program Deadline July 15th
Night at the Races Recap
Jarden Branded Consumables Canada Wins New Product Award
Retail Sales Weaker Than Expected in April
Composite Leading Index Rises 1% in May
Canadian Household Debt Hits Record High
U.S. Home Resales Decline Further in May
Government & Legislative News
New Canada Consumer Product Safety Act Now in Force
The new Canada Consumer Product Safety Act (CCPSA) is now in force as of Monday, June 20, 2011. If this legislation applies to your company and you have yet to designate a "Responsible Person", defined by Health Canada as a person which as or should have knowledge of the obligations as set forth in the CCPSA and is responsible for reporting an incident deemed to be serious in nature, then you should do so immediately. Health Canada continues to offer free half-day information sessions on the requirements of this new legislation. Upcoming dates include: Toronto (July 5), Montreal (July 7), Vancouver (July 11), Winnipeg (July 14) and Ottawa (July 15). Read More >>
Association News
Register for CHHMA Soiree Karting/Go Kart Night
The CHHMA Soiree Karting/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 event is limited to 40 persons, so register soon! Read More >>
CHHMA Scholarship Program Deadline July 15th
The CHHMA is once again pleased to be able to offer the opportunity for children of employees of our member companies to apply for a scholarship to help offset the cost of post-secondary education. Five to seven scholarships are awarded each year. Successful candidates receive $1,000 CDN per year for the first two years of study leading to a diploma or degree from an accredited community college or university. The CHHMA must receive applications from potential candidates no later than July 15th. Read More >>
Night at the Races Recap
The 15th Annual CHHMA Night at the Races took place on June 15th at the Woodbine Racetrack in Toronto. CHHMA members and invited guests in attendance enjoyed a fun night of thoroughbred racing with colleagues and friends from the industry. The "Favourites" dining room offered wonderful food and a great view of the races from every table. Read More >>
Member News
Jarden Branded Consumables Canada Wins New Product Award
Jarden Branded Consumables Canada (JBC Canada) is pleased to announce that the company was selected as winner of the Best New Product in the General Merchandising Category at the Grand Prix Awards event hosted by CTV and the Retail Council of Canada on June 15th. The winning product for the 2010 Grand Prix Best New Innovative Product was the Bernardin Home Canning Starter Kit which was created by the JBC Canada team and developed to engage new canners into this category. Read More >>
Economic News
Retail Sales Weaker Than Expected in April
Statistics Canada said on Tuesday that Canadian retail sales grew by a weaker than expected 0.3% in April from March to $37.4 billion and were flat, excluding the auto sector, providing further evidence of a slow down in the second quarter. Analysts had expected a 0.5% gain for April. Sales were up 3.6% versus April 2010. Read More >>
Composite Leading Index Rises 1% in May
Statistics Canada reported on Tuesday that the composite leading index rose 1% to 256.7 in May after a 0.9% increase in April. May's increase equalled the largest advance of this year. Nine of ten components increased with manufacturing showing the largest jump from April. Read More >>
Canadian Household Debt Hits Record High
Statistics Canada data released on Monday showed that Canadians continued to dig themselves further into debt in the first quarter as more people took out mortgages at ultra-low rates. The ratio of household credit market debt, which includes mortgages, consumer credit and loans, to disposable income rose to 147.3% in the first quarter from a revised 146.2% in the previous quarter. Meanwhile, a report last week from the Certified General Accountants Association of Canada (CGA-Canada) said that household debt in Canada has hit a record high of $1.5 trillion, leaving certain households in a "dire" situation. Read More >>
U.S. Home Resales Decline Further in May
The National Association of Realtors reported on Tuesday that sales of existing homes in the U.S. fell 3.8% in May from April to a seasonally adjusted annual rate of 4.81 million, the lowest level of the year. Economists say that's far below the 6 million annual home sales required in a healthy housing market. 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
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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