|
Message From The Editor
The ideal time to plan your successful 2025 season
In the past week the United State's election has been settled and the next four years look like they will take America, and probably all of North America, in new directions. What impact this will have on our industry in Canada seems difficult to predict at this point, but we have some great resources and we should plan to use them wisely.
Last week the NMMA’s Recreational Boating Industry Monthly Data Summary for November 2024 was announced and for NMMA members, these monthly summaries include performance indicators on wholesale and retail sales of new powerboats and outboard engines, economic metrics, and interactive graphs illustrating historical trends, making them a powerful tool to inform strategic decisions and keep industry stakeholders up to date on the economic trends shaping consumer demand. Their most recent Currents newsletter stated that most economic indicators remain in the ‘caution’ category, including the Consumer Confidence Index, which indicates many consumers remain cautious when looking to make larger purchases. Additionally, borrowing costs are still relatively high, making financing larger purchases, like boats, less attractive to some consumers. The housing market in the U.S. is facing mortgage rates around 6.79% and I would call those expensive.
(READ MORE)
|
|
Andy Adams, Editor aadams@kerrwil.com
|
|
|
Quick Search Key: For a fast and easy way to search for past editions of Boating Industry Canada News Week Digest – copy “bicn” into your email Search bar.
|
|
Not a subscriber? Don't miss another issue! CLICK HERE to subscribe today!
|
|
|
Feature
Kropf Industrial Delivers First All-Electric Travel Lift
Kropf Industrial, manufacturer of the industry-leading Conolift line of boat handling equipment, is excited to announce that its first all-electric travel lift is now in service at a Yacht Club in Ontario. The advanced design has eliminated both the diesel power unit and the hydraulic system... Read More |
|
|
Feature
VodaSafe Revolutionizes Underwater Recovery with AI-driven Handheld Sonar
Canadian Company VodaSafe is changing underwater search & rescue operations around the world with AquaEye, a world-first handheld sonar device that uses artificial intelligence (AI) to locate human targets underwater. Using AquaEye, teams can search 8,000sq.m of underwater terrain in less than one minute... Read More |
|
|
Feature
Building an Employer of Choice Culture
“We have always believed in giving our employees a voice, and entering the Employer of Choice award program is an extension of that. It’s great to receive this recognition, but we are not going to rest on our laurels. We will continue to find new and innovative ways to make Dometic a rewarding place to work and build a career... Read More |
|
|
|
|
|
|
|
Events
Join the ABYC 2025 Standards Week!
Members of the marine industry are welcome to join the ABYC 2025 Standards Week, January 5–9, 2025. For industry professionals, it is critical to be engaged in the standards development process, especially as U.S. Coast Guard and Transport Canada policies continue to use ABYC standards to address rapid changing technologies. Read More |
|
|
Education
NMEA 2000 Marine Electronics Installer Training at METS Amsterdam, November 18 & 22
Marine Electronics Professionals – NMEA will offer all our NMEA 2000 marine electronics installer training certification classes immediately before and after the METS Trade Show in Amsterdam Netherlands November 18 and 22. Please register early at the links below as these classes are anticipated to sell out!
Read More
|
|
Product Focus
New compact spreader lights deliver massive light
Having a well-lit deck makes running a boat at night safer, but too much glaring light can reduce night vision. That’s what makes Shadow-Caster’s new NMEA 2000-ready SCM Series of Spreader Lights so ideal. They’ll pump out 3,000 lumens of bright, crisp white light when needed, but can be dimmed through a multifunction display connected to a Shadow-NET control module or via a standard switch.
Read More |
|
|