July 4, 2022
NMMA's 2021 Canadian Economic Factoids report is now available as a part of the 2021 Canadian Boating Statistical Abstract.
This report looks at Canadian economic indicators from 2008-2021 and identifies trends impacting the retail markets.
Gross domestic product (GDP), disposable income, industry capacity utilization, manufacturing capacity utilization and unemployment rate are some data included in the 2021 Canadian Economic Factoids report.
Key insights from the report include:
• Real GDP shrank 4.6% in 2021.
• Disposable income increased 2.9% as compared to 2020.
• Industrial capacity utilization increased 4.6% to an average of 82.1% as compared to 2021.
The full edition (digital and printed) of the 2021 Canadian Boating Statistical Abstract will be available in 2022 Q3. NMMA members receive unlimited complimentary access to the digital versions of the annual Canadian Boating Statistical Abstract. Bookmark Canadian Statistical Abstract for direct and easy access.
Contact NMMA's Business Intelligence team at This email address is being protected from spambots. You need JavaScript enabled to view it. for more information.

Every Tuesday we publish a fresh Digest with informative articles pertaining to the Canadian boating and marine industry. Stay up to date with the latest products, research and industry developments.
Missed an Issue of Boating Industry Canada News Week? If you're looking for a specific issue, or simply want to catch up on previous issues, check out our Boating Industry Canada News Week Archives.
Not signed up for News Week? Subscribe here.

Questus Marine patented, Self-Leveling Radar Mounts automatically keep radar antennas level with the horizon, eliminating target loss.
Regardless of the angle of heel, with a Questus mount, a radar antenna will pick up targets to either side of a vessel, rather than aiming to the sky and water (for planes and fish). The Questus Marine Self-Leveling Radar Mount can be installed in three basic configurations: backstay mount, mast mount or Stern Pole mount.
Read More
Torqeedo announces new structure and names business unit management

Left to right: Matthias Vogel, Fabian Bez, Sven Mostoegl
Torqeedo, the global market leader for electric mobility on the water, announced on July 18th, the creation of two dedicated business units and named their managers. Matthias Vogel will lead the Customized Solutions unit, and Sven Mostögl will lead the Branded Retail line.
“The new Customized Solutions business unit will serve our marine industry and commercial maritime clientele with a dedicated team of experts in sales, application engineering, customer service, and after-sales service,“ said Fabian Bez, CEO of Torqeedo GmbH.
Read More