The Canadian boating market kicked off 2025 with the Toronto International Boat Show beginning January 20. The Northpoint Canadian contingent attended and met with both dealers and manufacturers throughout the busy show.
Next up on the agenda are both the Vancouver and Montreal Boat Shows in February which are expected to attract healthy crowds of boating enthusiasts.
Good news: on January 29, the Bank of Canada announced its lending rate had gone down .25, its first rate announcement of 2025.
Another major initiative on the docket is NMMA’s “Luxury Tax Campaign Phase 2” which is designed to intensify advocacy for meaningful reform.
In addition, trade and tariff discussions are expected to take place shortly. Your team at Northpoint continues to closely monitor and evaluate the impact on our Canadian marine market.
We’re all hopeful for an improved economic outlook in 2025, a boost in consumer confidence and spending, and in supporting our valued Canadian customers however possible.
Please let us know how we can support your efforts!
