January 8, 2009

Canadian Building Permits Down Nearly 12% in Oct.

Building Materials/Construction, Economic Trends, Free, News, Research & Analytics, Subscriber Only, Top Distributor Sectors / MDM Staff

Source: Statistics Canada

Canadian contractors took out $4.8 billion in building permits in November, down 11.8% from October, the result of widespread declines in both residential and non-residential sectors. It was the third double-digit decrease in four months.

Intentions fell in all provinces except Alberta, Saskatchewan and Nova Scotia.

November’s level, the lowest since February 2007, was 22.6% below last year’s monthly average.
The value of non-residential permits fell 15.2% to $2.1 billion, the second consecutive monthly decrease. This drop occurred mainly as a result of declines in Quebec, Ontario and British Columbia.

In the residential sector, the value of building permits declined …

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November Wholesale Revenues Down 7.1% From October

Economic Trends, Free, News, Research & Analytics, Subscriber Only / MDM Staff

November 2008 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $349.2 billion, down 7.1 percent from the revised October level and were down 7.6 percent from the November 2007 level, according to the U.S. Census Bureau.

The October preliminary estimate was revised downward $1.3 billion or 0.4 percent. November sales of durable goods were down 6.1 percent from last month and were down 9.4 percent from a year ago. Compared to last month, sales of motor vehicle and motor vehicle parts and supplies were down 10.6 percent and sales of electrical and electronic goods were down 8.8 percent. Sales of nondurable goods were down 7.9 percent from last …

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Refocusing Your Business for New Economic Realities

Economic Trends, Free, Human Resources in Wholesale Distribution, Operations, Research & Analytics, Strategy, Subscriber Only / Lindsay Young

One commentator on the Harvard Biz Twitter feed recently wrote: Downturns are as much about psychology as about GNP, about withering confidence as about shrinking employment. (See the feed here.) It may be hard to grasp the idea that some of what is happening may be controllable in the current market – especially with today’s unemployment jumping to 7.2%. But there is certainly no shortage of advice on managing through a downturn out there – and every author says there are ways to seize on opportunities despite the tough times.

Another article on the topic popped up this week in BusinessWeek, titled

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January 8, 2009

Canadian Building Permits Down Nearly 12% in Oct.

November Wholesale Revenues Down 7.1% From October

Refocusing Your Business for New Economic Realities

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