What the future holds…

Andy Adams 2018 Edited 400

Jan 3, 2023

The beginning of every new year brings a host of predictions about what the future holds and this year seems to be offering up a bonanza of ideas thanks to the huge level of uncertainty coming out of the pandemic.

Will interest rates rise? That seems to be a definite, at least in the short term. Governments the world over have fallen into line on that and citizens like you and I will suffer higher mortgage costs, possible declining property values at least in the near term, and there may be job losses in conjunction with the rising interest rates.

But will that ease the tight labour market? We sure need people. I hear that all the time. The government is bringing in far greater numbers of immigrants. Will that include any marine techs? I doubt it! But the immigrant wave will need places to live and that will drive up housing prices. Rising real estate values generally help the more affluent. So, maybe more of them can buy a new boat. Bingo!

One thing I know for sure is that we plan to again hold our traditional NMMA Canada State of the Industry Breakfast at the Toronto Boat Show on Tuesday, January 24, 2023. I hope to see you there. I’m certain that you will get a lot out of the presentations by NMMA President Frank Hugelmeyer and also the keynote presentation by Wells Fargo economist Nick Bennenbroek.

Today’s highly political climate seems to be a great source of uncertainty but I’m sure you have heard the expression, “follow the money”. That’s why I’m looking forward to hearing from Wells Fargo’s Nick Bennenbroek.

Just being at the Toronto Boat Show again will tell us a lot about what’s happening with our peers and their businesses. I think the show will have a lot of new product this time!

Circling back to the need for more marine techs, I will be going to the ABYC Standards Week for my first time. This is where our industry establishes new standards for safety in critical areas like fuel systems, wiring and electrical and far more.  I’ll be reporting on the Standards Week sessions by attending some of the project Technical Committees and I’ll be attending another session with a large group of marine industry educators. I may report on that experience at the TIBS Breakfast.

If you are attending ABYC Standards Week, I hope you will stop me and say hello. I’m hoping to see many other Canadians at the sessions in New Orleans.

This marks the start of our seventeenth-year publishing Boating Industry Canada News Week. We are very proud of our track record and of the contribution we are making to the industry through things like our Career Opportunities section, our support of the Boating Industry Canada Employer of Choice Awards and other activities. But more than that, we really appreciate the unwavering support you have given us over the years. It’s been very gratifying and we always appreciate hearing from you if there is an idea or an issue you want to comment on.

I hope to see you at Standards Week and TIBS this month!

Andy Adams – Editor

Related Posts

Four Winns’ new H9 is stunning!


As of July 1st, 2024 the embargo is lifted on the photos and information about Four Winns’ new H9 model and it is stunning!

About a month ago, I traveled to Charlevoix, MI for a special press event to introduce the H9 to a small group of journalists. The water and the weather were a bit cool but the sun was out and Lake Charlevoix was calm and the Four Winns H9 was very impressive. This is a 29-foot 11-inch luxury day boat with a 9- foot 2-inch beam and it features a fabulous expansive flat floor all the way from the bow rider area to the transom and the swim platform.

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.

KingFisher Boats Introduces Next-Generation 3025 XRS and 2725 XRS Offshore Models

KingFisher Boats, renowned for their rugged and versatile adventure boats, proudly announces the launch of their latest models – the 3025 XRS and 2725 XRS. These new additions to the Offshore Series epitomize innovation, performance, and luxury, setting a new benchmark in the world of welded heavy-gauge aluminum boats. 

Read More

Accessories keep portable sealer in peak working order

Hubbell-Marine Stainless steel outlet covers

The ultra-light ROAM 18-V Portable Vacuum Sealer revolutionized how fishermen, hunters and outdoorsmen preserve the flavors of wild-caught and harvested food. Now, PacBak offers replacement bags, a spare battery and a performance refresh kit to keep the innovative device in peak working order.

Read More