International News

The marine industry is a global enterprise. Builders, dealers, marinas, equipment manufacturers and other businesses are found worldwide, and there are major boat shows on all continents.

Job gains keep unemployment at 4.9 percent

The U.S. economy created 242,000 new jobs in February, exceeding economists’ expectations, but the average hourly wage and the number of hours that people worked declined.

Several dealers at January’s Toronto Boat Show say currency issues are making boat sales more difficult.

A chilling effect on Canadian sales

As the U.S. dollar has continued to strengthen, Canada’s dollar has been subject to dramatic fluctuations. That has created hesitancy among Canadian consumers and is a problem for dealers, who have been forced to hedge to attempt to offset the spikes and dips.

Consumer confidence falls in February

Consumer confidence tumbled this month, falling to its lowest level since last July as The Conference Board’s monthly survey found that people were apprehensive about business conditions and job prospects and concerned about turbulence in the stock markets.

Consumers: What do they want, and do they expect to get it?

U.S. consumers will have a lot to say this week, telling us more about whether their appetite for a new home grew stronger and more realistic in January and whether they became more confident about the economy, considering how ulcer-inducing the financial markets have been.

Strong retail sales report pushes back against recession fears

Federal Reserve chairman Janet Yellen was optimistic about the U.S. economy during her congressional appearances on Wednesday and Thursday, and as if on cue, on Friday the Commerce Department reported a strong rebound in consumer spending in January.

Taylor Made Group expands plant in Ireland

Taylor Made Group expanded its glass-manufacturing capacity by refurbishing and upgrading an additional flat-glass furnace at one of its European facilities — Taylor Made Glass & Systems in Ireland.

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