Canoe maker gets an export boost that comes with challenges [Toronto Globe and Mail (Ontario, Canada)]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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Source: Toronto Globe and Mail
Canadian canoe maker Nova Craft has seen a huge spike in demand, but export delays and supply chain challenges have hampered its ability to keep up. The company, which has a retail outlet at its manufacturing facility in London, Ont., has benefited from pandemic-related restrictions that fuelled demand for outdoor recreation products. “With the COVID restrictions, everybody was turning to the outdoors, so anything to do with camping and paddle sports, the demand has increased significantly,” says Nova Craft’s CEO Chris Rath, who purchased the company in 2019. Since that time, Nova Craft – originally founded in 1970 – has increased exports from about 20 per cent of sales to more than 30 per cent. “It’s a significant part of our business,” Mr. Rath says, adding that the company sells its products to retail customers in Europe, Japan and New Zealand. He credits the initial uptick in demand for Canadian-made canoes to former U.S. President Donald Trump, whose aluminum and steel tariffs ca
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CNI
Earnings
- 1/23/24 - Beat
CNI
Sec Filings
- 4/8/24 - Form 6-K
- 4/5/24 - Form EFFECT
- 4/2/24 - Form 6-K
- CNI's page on the SEC website