Latest News: Small Business Confidence Continues Sliding - Metrie Acquires American Millwork Distributor - WFP Invests $29M in BC Operations


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July 20, 2022

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Feature

Staying Strong In A Tough Environment

The world has changed since the National Kitchen & Bath Association released its initial 2022 Kitchen & Bath Market Outlook study in January. Along with persistent inflation and the Fed’s decision to implement ... Read more.

Message From the Editor

This week we’ve got lots of pieces on the growth and expansion of Canadian companies in our industry. Huge investments and expansions are making headlines this week for a good reason!

– Grace Tatigian, Managing Editor

Grass

Latest News

Small Business Confidence Continues Sliding

According to the latest Canadian Federation of Independent Business (CFIB) Business Barometer, small business confidence over the long and short terms fell again in June. The short-term optimism index dropped ... Read more.

Metrie Acquires American Millwork Distributor

Metrie, North America’s largest manufacturer and distributor of millwork and interior trim, acquired Tinder Wholesale, LLC, a Manassas, VA-based two-step interior and exterior millwork distributor.  ... Read more.

WFP Invests $29M in BC Operations

Western Forest Products Inc. announced capital investments totaling approximately $29 million toward its BC operations. The investments are part of the Company’s ongoing commitment to support value-added manufacturing on the BC ... Read more.

Tafisa Announces $34M Investment to Expand Main Plant

The CWMDA (Canadian Woodworking Machinery Distributors Association) is pleased to announce that registration begins now for the third edition of the Woodworking ... Read more.

SIBO

Feature

Soaring Raw Material Costs Cause Pain for Manufacturers

The recently announced 100-basis-point rate hike from the Bank of Canada is aimed at quelling 40-year-high inflation and soaring prices that profoundly affect Canadian ... Read more.

Planit

Latest Products

EPICON – 5-axis series

The extremely successful EPICON 7235 machining centre from Holz-Her is being expanded with the introduction of the smaller EPICON 7135 and the extra-large EPICON 7335 to form the new complete range of 5-axis CNC  ... Read more.

Jasper and Tundra Collections

Berenson recently added two new lines to their Canadiana collection of hardware: Jasper and Tundra. Inspired by serene and simple mountain living, Jasper takes a relaxed approach, favoring balance and harmony over decorative ... Read more.

Felder
Sames Kremlin

Design

Get a Handle on Cabinet Hardware

Cabinet hardware is akin to jewelry on an outfit. It’s the finishing touch that elevates a room from so-so to stunning. This isn’t to say handle-free cabinets, drawers, and panelled appliances aren’t sleek. ... Read more.

Business / Technology

Sustained Strong Growth for Richelieu

For the second quarter ended May 31, 2022, sales reached $487.9 million, up 31.4%, 16.1% from internal growth, and 15.3% from acquisitions. In Canada, sales increased by 17.3% to $292.3 million. ... Read more.

Job Vacancies, First Quarter of 2022

Job vacancies climbed to 957,500 in the first quarter, the highest quarterly number on record. As employers continued to face an increasingly tight labour market, vacancies were up 2.7% from the previous peak observed .... Read more.

Blum

Latest Events

July 27, Government Funding for Canada, Online

August 23-26, IWF Atlanta, Atlanta, GA

September 22-25, IDS Vancouver, Vancouver, BC

September 26, CKCA Regional Event, Waterloo, ON

October 13-14, Wood Pro Expo, Manheim, PA

October 18-22, Woodworking Technology Days, Mississauga, ON

October 26-28, Kitchen + Bath Canada, Toronto, ON

October 27-29, SIBO, Drummondville, QC

March 29-31, IWPA World of Wood Convention, Savannah, GA

May 15-19, Ligna, Hannover, Germany

Contributors wanted! We’re always looking for contributing writers and stories for our newsletter. If you have something you’d like to share with readers and want more details, please email Grace at gracet@mediaedge.ca.




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