1The Heavy News Weekly

In this issue... Golf Classic Thank you 2 WORKSAFELYTM Golf Photos 4 WORKSAFELYTM Golf Photos 5

Peter G Hall: The Dimensions of Diversification 7 2013 WCR & HCA Convention 8

Weekly Tenders (MHCA members only) 10 Tender Results (MHCA members only) 12

August 16, 2012

Annual Golf ClassicWednesday August 8th, 2012 held the Manitoba Heavy Construction Association's Annual Golf Classic. 314 golfers participated in a day that had perfect golf weather, an abundance of contests and alot of friendly competition. Once again the heavy construction industry has been very supportive in the amount of teams participating in the tournament and that it has been sold out for some time along with all sponsorship opportunities also being sold out.

Tied for the lead, the Hugh Munro Construction foursome won with a count back on the back nine to win the Annual MHCA Golf Classic on Wednesday August 8th at the Elmhurst and Pine Ridge Golf Courses.

Thank you to both the Pine Ridge and Elmhurst Golf Courses for their assistance in ensuring a great tournament. Also a thank you to Mickey Stanley and his Events Committee on producing another great MHCA event.

The Heavy News Weekly

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Annual Golf ClassicAnnual Golf Classic

Dual Hole Sponsors . . . . . . . .Borland Construction Inc.Brandt TractorELRUS Aggregate SystemsHUB International Horizon InsuranceIPEX Lafarge North AmericaMaple Leaf ConstructionQuerel TrailersToromont CATTitan FoundryW.D. Valve Boxes Ltd.

Hole Sponsors . . . . . . . . . . . . . . . . . . . . . Association of Manitoba MunicipalitiesBayview ConstructionEmco WaterworksGeneral Aggregate Equipment SalesHugh Munro ConstructionHusky EnergyInvestors Group Financial ServicesKen Palson Ent. Ltd.McAsphalt Industries LimitedMIG InsuranceMulder Construction & Materials Ltd.Rocky Road RecyclingTitan Environmental Containment Ltd.Victoria Inn & Conference CenterWinnipeg Convention CentreWorkers Compensation Board

Contest Sponsors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Alcom Electronic Communications Investors Group Financial ServicesAON Reed Stenhouse Inc. Lehigh Inland Heidelberg CementAquajet Canada Incorporated Merit Contractors AssociationAssiniboia Downs MIG InsuranceBuilding Products Group SMS EquipmentCanada Culvert Terraco Fuels & LubricantsCAT Finance Titan Environmental ContainmentCorporate Concepts Ltd. Westcon Equipment & RentalsG.E. Canada Financing GP Western SuretyHUB International Horizon Ins. WORKSAFELY™

to all of our Tournament SponsorsThank You

3The Heavy News Weekly

Winners MHCA Golf Classic Wednesday August 8, 2012

1st place low gross: TEAM - Hugh Munro Construction

1. Mitch Woo2. Sean Rafferty3. Chris Wren4. Scott Fraser

2nd place low gross: TEAM - Ken Palson Ent. Ltd.1. Jim McIlroy2. Richard Dreger3. Glenn Asselstine4. Doug Baird

Toromont CAT3600 ComputersPerfect Landscaping Ltd.Heather Curling ClubWinnipeg Convention Centre

Corporate Concepts Ltd.Querel TrailersCansel Survey Equipment Inc. McDonalds Restaurants

Thank You . . . Registration Bags / Gift Donations

The 2012 Golf Classic

4The Heavy News Weekly

Annual Golf ClassicAnnual Golf ClassicWORKSAFELY™ sponsored a chipping contest on both Elmhurst & Pine Ridge golf courses with the help of the WORKSAFELY™ staff Elaine Alvis, Ed Gregory, Jayme Galloway, Sarah Higgins and Sue Roth of WCB.

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The Heavy News Weekly

The 2012 Golf Classic

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Have a story for us? We'd love to hear about it!The MHCA is only successful thanks to our strong membership roster that continues to grow, and now we want to hear from you!We want to hear about a success story and anything you want to share with us and the rest of the MHCA membership!

We'd like to hear from our members on things such as:

• A New Exciting Construction Project your company is involved with • A Recent Successful Completion of a Construction Project • A success story or acheivement for your company or staff member(s)

Feel free to submit your idea or story to Rob Wozny, MHCA Manager of Marketing & Communications at rob@mhca.mb.ca.

We will contact you for more information or details on your story, and then have it ready for a future issue of the Heavy News Weekly!

Toll Free 1-866-576-8099 www.mazergroup.ca

Power & Productivity with better Fuel Efficiency Unparallel Visibility & Control Intelligent Hydraulics for Performance & Efficiency

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The Dimensions of Diversification Peter G. Hall, EDC Vice-President and Chief Economist

22 per cent of CDIA was in emerging markets, an impressive share. Since then, the US share has slipped to 40 per cent, while emerging markets have gained ground, rising to almost 28 per cent of total CDIA. The good news? These are trend movements that don’t appear to have been materially influenced by global recession.

Another dimension of Canada’s international activities is foreign affiliate sales (FAS). Globalization is enabling Canadian firms to establish product and service sales operations around the world. The US is Canada’s prime FAS location, and although growth has been decent in the past decade, its share of total FAS has plunged from 65 per cent to just under half. Other large markets have either a static or declining share. Emerging markets again buck the trend. Since 2003, their share has catapulted from 12 per cent to 28 per cent. FAS in these markets is now over twice the value of total exports.

Such evidence further highlights the pervasiveness of this nascent trend in the Canadian economy. We have talked about the need for diversification since the early days of our history – the data show that we are now actually doing it. Data also show that there is no major industry in Canada that is not experiencing this; there is no region in the country that is not participating; and there is no region in the world that Canadian international diversification is ignoring. What is more, mere continuation of the trend suggests a bright future for Canada’s economy. As fast-growing zones naturally become a larger share of our business over time, Canada’s overall economic growth potential rises as well.

The bottom line?

Diversification is well entrenched in multiple dimensions of Canadian international trade, and it’s here to stay. And, there’s still time to prepare for the growth that it’s bringing our way.

This commentary is presented for informational purposes only. It is not intended to be a comprehensive or detailed statement on any subject and no representations or warranties, express or implied, are made as to its accuracy, timeliness or completeness. Nothing in this commentary is intended to provide financial, legal, accounting or tax advice nor should it be relied upon. Neither EDC nor the author is liable whatsoever for any loss or damage caused by, or resulting from, any use of or any inaccuracies, errors or omissions in the information provided.

Trade diversification is a theme that EDC Economics has had a lot to say about in the past few years. We debuted the topic back in 2008, expanded on it a few times, and made it the theme of last fall’s forecast. Is there really more to say? Actually, much of that analysis focussed on merchandise trade alone. The truth is, there are a few other key dimensions of diversification that are equally exciting.

On its own, the merchandise trade story is arresting. While recent trade with traditional partners was languishing, Canada’s shipments of goods to emerging markets rocketed ahead at a 10 per cent annual pace. This took the total share of emerging market trade from just 4 per cent in 2000 to 11 per cent by 2011. Global recession briefly interrupted the process, but the trend quickly resumed in 2010. Much of emerging market trade was accounted for by commodities and primary manufactured goods. Even so, growth of high value-added shipments consistently outperformed the average.

Trade in services saw a similar pattern. In 2000, services trade was already more diversified, accounting for 15 per cent of total Canadian exports of services abroad. Six per cent average annual growth over the past decade – triple the growth to all countries – took the share of services exports to emerging markets up to 22 per cent of the total by 2011. Unlike trade in goods, the share of services going to emerging markets had previously been higher – it had reached 20 per cent back in 1991, but it slipped steadily in the late 1990s. Recent performance suggests that the up-trend is here to stay.

Canada has long had a diversified portfolio of direct investment abroad (CDIA). In 2000, half of CDIA was in the US, with a further 21 per cent in the EU. At the same time,

Peter G. Hall

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Join us in Orlando, Florida, for the WCR&HCA 2013 Annual Convention

Join us in Orlando, Florida, for the WCR&HCA 2013 Annual Convention

Highlights include:

Lehigh InlandCASE DealersAon Reed Stenhouse

Ritchie Bros. Auctioneers SMS Equipment Brandt Tractor IllumiNationsCAT

www.disneyworld.disney.go.com/resorts/yacht-club-resort/

www.wcrhca.org

9The Heavy News Weekly

c Disney

Western Canada Roadbuilders & Heavy Construction Association | www.wcrhca.org

March 17-20, 2013

Disney ’s Yacht & Beach Club ResortsLake Buena Vista, F lorida.

Magical!Magical!Plan to attend – hold the dates

Western Canada Roadbuilders &

Heavy Construction Association Convention

Western Canada Roadbuilders &

Heavy Construction Association Convention