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Message From The Editor

Boating Industry Canada's Newsweek

THE ART OF THE DEAL

On May 31, retaliatory tariffs were announced by the Trudeau government in response to the Trump government placing tariffs on Canadian steel and aluminum. These new Canadian tariffs include a 10% penalty on American-built boats being imported into Canada. For more detail, see our Special Report by Craig Ritchie [below].

In my lifetime I have never seen our government duking it out with the Americans this way. We've always been great neighbors. This includes a lot of harmonized standards between Canada and the US in the marine industry and certainly, economic and political cooperation on countless levels between our two countries.

I have not read President Trump's book, The Art of the Deal. Maybe we all should, as a means of possibly better understanding what seem to be bully boy tactics to punish Canada because we weren't able to reach an agreement on NAFTA in his time frame. What's next?

Now, our marinas and boat dealers are left with a very tricky problem; how do we make deals with the pricing uncertainty these new policies and tariffs create? Will the American boat and engine builders hold the line on their pricing for now? If your buyers are aware of these new tariffs [and I'm sure they will be - it's headline news] will they rush to the dealers to snag a deal before the prices go up?

As for the marinas and dealers; should you hold the price on your current inventory or boost it to what you anticipate may be new price levels?

The author of The Art of the Deal has just made it much more difficult for our industry to make deals and he's done it right at the start of our brief summer season. Let's pray that saner heads prevail and this gets sorted out quickly.

Andy Adams, Editor
aadams@kerrwil.com
   

Skippers Plan

Breaking News

Boat Tarrifs

CANADA - US TARIFF WAR "AN UNMITIGATED DISASTER" FOR RECREATIONAL BOATING INDUSTRY

SPECIAL REPORT by Craig Ritchie
Talk about starting the month on an explosive note. On Thursday, June 1, the Trump administration announced that it would proceed with applying new import tariffs… Read More

Feature

Polynt Application Centre

POLYNT-REICHHOLD SUPPORTS THE INDUSTRY WITH EDUCATION

In the face of the growing shortage of marine industry workers, we were impressed with the education session hosted May 22 to 24 by Polynt-Reichhold and Composites One at the Polynt Composites Application Centre in North Kansas City. Read More

Changing Scene

TIBS VIBS CANADIAN BOAT SHOWS APPOINTS OFFICIAL PRINT AND DIGITAL SHOW GUIDE PUBLISHER FOR 2019
Canadian Boat Shows has announced AD ASTRA Media as the official publisher for the 2019 Toronto and Vancouver International Show Guides. "The 2018 Show Guide Editions included a suite of digital solutions and features… Read More
George's Marine and Sports GEORGE'S MARINE AND SPORTS HAS OFFICIALLY CHANGED TO PRIDE MARINE GROUP
The Pride Marine Group are excited to announce that George's Marine and Sports has officially changed to Pride Marine Group. Read More
Boat Show Childrens Charity TORONTO INTERNATIONAL BOAT SHOW CHILDREN'S CHARITY CHEQUE PRESENTATION
TORONTO INTERNATIONAL BOAT SHOW CHILDREN'S CHARITY CHEQUE PRESENTATION Read More
Boating BC Logo MERCURY MARINE EXTENDS PRESENTING PARTNERSHIP OF BOATING BC CONFERENCE
Boating BC Association is extremely pleased to announce that Mercury Marine Limited, a world leader in commercial and recreational marine propulsion and technology, has extended their Presenting Partnership of the annual Boating BC Conference… Read More
Bryant Boats SUMMER WATERSPORTS IN MUSKOKA TAKES ON BRYANT BOATS
Bryant Boats has expanded its dealer network, adding seven retail outlets throughout North America including Canadian dealer, Summer Watersports in Muskoka, Ontario. News Week writer Amelia Morris contacted Summer Watersports owner… Read More
Trent Swing Bridge TRENT-SEVERN WATERWAY COMMUNITY UPDATE - REPLACEMENT OF BRIGHTON ROAD SWING BRIDGE
Work continues toward the completion of the Brighton Road Swing Bridge as part of the Trent-Severn Waterway National Historic Site. This includes the continued manufacture of hydraulic components, road and ditch improvement… Read More
Bennington Pontoon Boat Polaris Industries POLARIS INDUSTRIES INC. SIGNS DEFINITIVE AGREEMENT TO ACQUIRE BOAT HOLDINGS, LLC, THE LEADING MANUFACTURER OF PONTOON BOATS IN THE U.S.
According to Business Wire, on May 30, 2018 Polaris Industries Inc. announced that it has signed a definitive agreement to acquire Boat Holdings, LLC, a boat manufacturer owned by the Vogel family… Read More
Mercury Marine Water Ski World Record MERCURY MARINE'S NEW 300HP V-8 VERADO OUTBOARDS TO POWER ATTEMPT AT MARATHON WATER-SKIING WORLD RECORD
Mercury Marine announced today that the new 4.6-liter V-8 outboard engines it unveiled earlier this month will propel a man's quest to retrace his late grandfather's path to the world record in marathon water-skiing. Read More

Events/Conferences

IBEX Registration

REGISTRATION OPENS FOR IBEX 2018

Registration is now open for the 28th International Boat Builders' Exhibition and Conference (IBEX), being held October 2-4 at the Tampa Convention Center. North America's largest technical trade event for marine industry professionals… Read More

Education

YBAAU

REGISTER NOW FOR A 2018 YBAA UNIVERSITY EDUCATIONAL EVENT!

YBAA's annual low-cost YBAA University (YBAA U) events are offered each summer, providing yacht sales professionals with full-day educational programs including: industry issues panels, technology and sales tool insights, timely legal updates… Read More

Launchings

Back Cove Yachts 340 Outboard

BACK COVE YACHTS INTRODUCES NEW 340 OUTBOARD MODEL

Launching later this summer, the all-new Back Cove Yachts 34O will be powered by a pair of Yamaha Motor Company 300's, with optional 350 hp Yamaha or Suzuki's available. The entirely new hull… Read More
Walker Bay Delux DLX3

WALKER BAY LAUNCHES THE SUPERTENDER 325 DELUXE CONSOLE RIB

Walker Bay Boats, has launched the new Supertender 325 Deluxe Console for Spring 2018, rounding off this RIB line to four different models. Michael Carroll, Director of Sales & Marketing for Walker Bay Boats… Read More

People

Navigare Yachting

NAVIGARE YACHTING APPOINTS MARYLINE O'SHEA MARKETING MANAGER IN THE U.S. AND CANADA

Jesper Rönngard, CEO of Navigare Yachting, announces the appointment of Maryline O'Shea as Marketing Manager for Navigare Yachting in North America. She will lead the promotion of the company's charter and yacht ownership programs… Read More
Robert Spietaels

MARINE INDUSTRY MOURNS THE LOSS OF ROBERT DESIRE SPIETAELS

Boating Industry Canada is saddened to advise you of the passing of Bob Spietaels on Wednesday May 30. Read More

Boating Stock Market

Boating Stock Market

THE BOATING STOCK MARKET


Read More

Calendar

Calendar
Orillia Spring Boat, Cottage & Outdoor Show
June 9 - 11, 2018
Port of Orillia, Orillia, ON
Barrie Boat Show
June 15 - 17, 2018
Barrie, ON
Muskoka Boat & Cottage Show
July 27 - 29, 2018
Gravenhurst, ON

... View All Events
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