Industry Updates

On the night of October 21st, Canadians voted and elected their 43rd government – a Liberal minority government and only the 14th minority government in Canadian history. The significance of this minority government and what it might mean for Canada and our manufacturing partners is what Baumen is paying close attention to as the Liberals appoint their cabinet on November…

The Tariff Effect It’s hard to listen to the news without hearing the word, ‘tariff’.  Since March 20181 tariffs have hit Canadian manufacturing industries hard.  CBC (Canadian Broadcasting Corporation) started a show this fall called ‘Cost of Living’.  The very first show focused on the sustained uncertainty and unpredictability tariffs have caused in our economy and their far-reaching impact on…

In a special report to Canadian Business (2018) the single largest sector represented in Growth 500 companies in Canada was manufacturing. Across Canada’s provinces, from British Columbia to New Brunswick and Nova Scotia, manufacturing in a variety of industries is seeing between 363%-1,635% average 5-year growth.1 Specifically, 705% average growth in Ontario alone.1 What’s exciting is that Canada is moving…