All Canada articles – Page 12
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News
Canadian economy headed for recession – RBC
Royal Bank of Canada says surging inflation and interest rate hikes will push country toward economic contraction by 2023
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Taiga commences deliveries of Orca electric PWC
Canadian manufacturer begins serial production of “game-changing” personal watercraft
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CMP Group consolidates European distribution
CMP Europe to assume responsibility for sales and service of Octopus pump and autopilot drive product line
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Canada
New horizons
A new focus on developing Canada’s Pacific coast as a superyacht cruising route is driving bold plans for luxury marina development
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BRP aims for marine revenues of $1bn by 2025 with Ghost engine launch
Market share growth projections
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Fuel prices in US and Canada yet to force boaters off the water
The average price of regular-grade gasoline is now US$5.10 per gallon
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Canada to proceed with luxury tax despite projected C$2.1bn impact on leisure boat industry
Scathing economic analysis by Canada’s Parliamentary Budget Officer forecasts significant financial damage from controversial tax scheme
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BRP lifts marine forecast despite Q1 profit dip
Canada’s BRP, manufacturer of SeaDoo personal watercraft and several boat brands, reported financial results for the company’s first fiscal year quarter ending 30 April 2022, noting continued consumer demand
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Canadian dealers struggle to meet demand ahead of luxury tax
Supply chain issues and looming tax impacting business
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Vision begins OEM sea trials, plans rental operation expansion
Electric outboard manufacturer’s E-Motion powertrain undergoes tests
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Boat sharing club at heart of new Canadian waterfront development
Boat sharing club, boat valet program and onsite drystack storage positioned as central elements in real estate development
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Canadian builder embarks on second factory expansion in two years
Kingfisher Boats to add 20,000ft² of production and engineering space
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Canadian government yields new luxury tax concession
Final legislation to be tabled next week exempts boats sold in 2021 along with boats sold in 2022 if delivered before September 1
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Electric boat builder expands to Canada
Magonis Boats appoints Canadian dealer for the Wave e-550
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Canada considers subsidies for electric boat charging stations
EV Charger Incentive Program that offers cash rebates to businesses installing charging facilities could be expanded to include marine applications
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UK charter firm expands Canadian operations
Le Boat adds six more vessels to Canadian fleet, expands ownership program
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Article
Marina consolidation continues
Ontario-based Maple Leaf Marinas announced the acquisition of three marinas in Canada’s most popular boating province
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Ukraine invasion already impacting boating
Canadian distributor says impact is already being felt on the recreational boating industry
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Canadian government releases draft luxury tax legislation
New tax scheduled to come into effect September 1, 2022; stakeholders invited to comment until April 11