Hope we see each other

Andy Adams 2018 Edited 400

Nov 29, 2022

If you are reading this edition of Boating Industry Canada News Week Digest on Tuesday morning, I hope you can look around the Peninsula Room at Deerhurst and that we will see each other at the breakfast on the first full day of the Boating Ontario Conference. I’ll be there for sure.

I believe that one of the best sources of information to help you plan and manage your business is to talk to your peers. Every year brings a level of uncertainty, but this year may be the hardest to plan for in ages. 

We know there continues to be a high level of demand for new boats but I’m hearing that it seems to have softened. Is that seasonal? Has the demand been met?

Maybe it’s that interest rates are up significantly. But they are still not that high. And, some of our customers will do very well as rates rise.

Rising interest rates are expected to hit the housing market but prices are not down much where I live. There is still a significant shortage of homes in the GTA while our government is saying that rates of immigration will increase.  More people will need more housing.

Supply chain issues should ease but companies are saying they are short of labour. China struggles with COVID lock-downs and our domestic businesses are talking more and more about re-shoring manufacturing to North America. That will take a lot of time but it’s going to be positive for our economy in the long run and rapid advances in automation will mitigate some of the labour issues.

So, those are just a few of the factors I see at play right now. There may be a lot more that are likely to impact our industry in the coming year.

I may have a few of the answers but then again, I’m not confident that I even know all the questions! The point is that each of us is smart, we are all thinking, and we are all focused on the recreational boating industry. For the best guidance at a time of high uncertainty, I think that the consensus of opinion that you could get from attending the Boating Ontario  or the Boating BC conferences may have the most value.

Hope to see you there!

Andy Adams – Editor

Related Posts

NMMA Canada’s Day on the Hill event hits a new high in 2024


While the Day on the Hill lobby session has been a key activity for NMMA Canada for many years now, I feel that the event hit a new high in the 2024 session in Ottawa on May 27 and 28th.

Lead by Executive Director Marie-France MacKinnon and executed by her team and their public affairs firm, BlueSky Strategy Group, the results were impressive. The NMMA Canada Board of Directors were organized into teams with business interests and special skills matched up to politicians and senior bureaucrats to most effectively present the marine industry’s agenda of issues. 

Read More

Need to Catch up on News This Week?

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.

The Hydrobike, a key concept that embodies a vision for the future

DECATHLON, determined to erase the boundary between land and water, introduces its latest forward-thinking concept: the HydroBike. This innovation from the French sports giant aims to democratize access to nature while staying ahead in the transformation of their business model. 

The initial assessment: paddle sports are often inaccessible to less experienced individuals, assuming the acquisition of paddling skills.

Read More

Compass works when electronics don’t

Hubbell-Marine Stainless steel outlet covers

Even in the event of an onboard power failure, a Ritchie Navigation SuperSport Helmsman SS-1002 magnetic compass still works. Plus, when the vessel is moving slowly in fog or while trolling, it can do something a GPS can’t: show the actual heading in real time. As a back-up to modern electronics, it’s a vital navigational tool that belongs on every commercial and recreational boat.

Read More