Michael Power, Supply Professional Journalist Profile

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Honda confirms no plans to reduce Canadian auto production amid trade war

1 week ago | supplypro.ca | Ian Bickis |Michael Power

Honda is not shifting any Canadian production to the US, at least not for now, the company said April 15 in response to a report that it was considering such a move. Japan’s Nikkei financial newspaper reported earlier in the day that Honda was looking to shift enough Canadian CR-V and Civic production to the US so that it could meet 90 per cent of US sales with vehicles produced there.
Honda considering Canadian production move to US in response to tariffs: report

1 week ago | supplypro.ca | Michael Power

Honda is considering shifting some Canadian automotive production to the US in response to new tariffs, according to a report by Japan’s Nikkei financial newspaper. The company is looking to shift enough Canadian CR-V and Civic production to the US so that it can meet 90 per cent of US sales with vehicles produced there, up from its current level of about 70 per cent, the report said.
February wholesale trade figures up 0.3 per cent

1 week ago | supplypro.ca | Michael Power

Statistics Canada says wholesale trade, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.3 per cent to $85.7 billion in February. The overall increase in sales came as just two of the seven subsectors posted gains. Statistics Canada says sales in the machinery, equipment and supplies subsector gained 7.1 per cent for the month to $19 billion, while the food, beverage and tobacco subsector rose 0.5 per cent to $15.5 billion.
Economists expect annual inflation rate to come in at 2.6 per cent for March

1 week ago | supplypro.ca | Ian Bickis |Michael Power

Pricing trends are getting pushed all over the place these days by big economic shifts, resulting in what’s expected to be another elevated inflation reading in Canada this week. Economists polled by Reuters expect annual inflation for March to come in at 2.6 per cent when it’s released April 15, matching February’s reading.
China's exports jump 12.4 per cent in March

1 week ago | supplypro.ca | Michael Power

BANGKOK (AP) — China’s exports jumped 12.4 per cent in March from a year earlier in a last-minute flurry of activity as companies rushed to beat increases in US tariffs imposed by US President Donald Trump, and analysts forecast sharp setbacks ahead. Imports fell 4.3 per cent to $211.3 billion in March, the customs administration reported, far exceeded by exports worth $313.9 billion, leaving a trade surplus of $102.6 billion.
GM temporarily halting CAMI production plant on low demand

1 week ago | supplypro.ca | Michael Power

GM Canada says it’s temporarily halting production and cutting staff at its CAMI plant in Ingersoll, Ont., because of lower-than-expected demand for its electric delivery vehicles. The company says the decision to halt production through most of the spring and summer is related to market demand and high inventory for the BrightDrop vehicle, and not because of the tariffs the U.S. has imposed on Canadian vehicle production.
Canadian retailers see surge in domestic sales amid ‘Buy Canadian’ movement

1 week ago | supplypro.ca | Michael Power

This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. In recent months, the “Buy Canadian” movement has gained significant momentum, driven by a collective push to support domestic products and services, strengthen local businesses and reduce reliance on foreign imports.
Alectra Utilities commits to seeking increased procurement of Canadian goods and materials

2 weeks ago | supplypro.ca | Michael Power

MISSISSAUGA, Ontario – Alectra Utilities has announced a commitment to prioritizing Canadian businesses, suppliers, and vendors through its procurement processes for equipment and services for its electricity grid. Alectra Utilities is the largest municipally owned electricity utility in Canada based on the number of customers served, totalling approximately 1.1 million homes and businesses and a population of about three million people.
North American manufacturers report sharp pullback

2 weeks ago | supplypro.ca | Michael Power

CLARK, NJ – GEP Global Supply Chain Volatility Index — an indicator tracking demand conditions, shortages, transportation costs, inventories, and backlogs based on a monthly survey of 27,000 businesses — decreased for a third successive month in March to -0.51 and posted its lowest value in almost five years, indicating the highest degree of spare capacity across global supply chains since the height of the COVID-19 pandemic in 2020.
Trump tariff 'whiplash' draws pandemic parallels as Canadian businesses scramble

2 weeks ago | supplypro.ca | Ashley Joannou |Michael Power

Todd Rutter calls himself the “most non-tech person you’ve ever met” but he’s turning to technology and lessons learned during the COVID-19 pandemic to help weather the dizzying tariff policies of US President Donald Trump.