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JANUARY 28, 2025 NEWSLETTER
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HAPPY NEW YEAR!
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For parts suppliers facing a bumpy electric-vehicle transition, Trump’s tariff plan could be devastating
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For Canadian auto parts manufacturers such as the one that Saylo Lam runs, and the dozens that he represents as chair of the Canadian Association of Mold Makers, the past few years have already been a wild ride.
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A bumpy electric-vehicle transition has put these suppliers – most of which, including Mr. Lam’s company Circle 5, are in southwestern Ontario – at the mercy of global automakers that are adopting, shifting and delaying plans to overhaul assembly lines.
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Contributing to the chaos has been a series of what Mr. Lam describes as black swan events – among them the COVID-19 pandemic and ensuing supply chain crunch, a period of high inflation and a trade war with China.
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Many companies are already feeling bruised and battered heading into a week that could bring the biggest disruption of all, if U.S. president-elect Donald Trump makes good on his threat to impose tariffs as high as 25 per cent on all Canadian exports after he’s inaugurated. And that’s not to mention the prospect of Mr. Trump pulling back EV subsidies and reversing regulations aimed at encouraging EV uptake.
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Ontario Welcomes More Than $1 Billion Investment to Strengthen Automotive Supply Chain
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GUELPH – The Ontario government is welcoming an investment of more than $1 billion from Linamar Corporation, a leading Ontario-based auto parts manufacturer, to expand its existing operations across the province. The investment is expected to create more than 2,300 good-paying jobs, further establishing Ontario as a leader in automotive innovation.
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“Linamar’s investment marks another major milestone in the company’s ongoing success in Ontario,” said Premier Doug Ford. “At a time when we face a new administration in the White House and the potential threat of tariffs on Canadian goods, this investment will create good-paying jobs, strengthen our homegrown electric vehicle supply chain and accelerate the production of Ontario-made EVs. It will help ensure that the components needed for the cars of the future are made right here in Ontario, by Ontario workers.”
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Headquartered in Guelph, Linamar’s expansion will drive the development of key components for the automotive supply chain, including powertrain solutions and technologies for hybrid and electric vehicles (EVs). It will also accelerate advancements in parts manufacturing and semiconductor packaging methods for EV batteries, enhancing vehicle range, improving efficiency and reducing charging times.
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We are very pleased to announce our 2025 Virtual Speaker Series. Each month we will be hosting a new speaker with education, information and other important information for SME’s and our member companies.
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The Speaker Series kicks off on February 25th at 11AM with Taylor Bentley, of the Trade Commissioners office. In March, we welcome Nancy Creighton of MEDJCT and in April we are pleased to learn about Cybersecurity for Businesses from Frank Abbruzzese who will be joined by Marguerite Fleming who will briefly review funding opportunities businesses can use to amp up their cybersecurity.
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Stay tuned for the announcement of our speakers for the second quarter!
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Build More Than Molds: Secure Your Family's Future
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Dear Valued Member of the Canadian Association of Mold Makers,
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Please allow us to introduce ourselves. We are Private Financial Group, a fully integrated boutique advisory firm, and we're honoured to be CAMM's exclusive wealth management partner in 2025.
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As we begin this journey together, we want to share why this partnership matters—not just for your business but also for the legacy you're building.
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Many of you started with a vision and a workbench. And now, you've built something remarkable. Your precision in crafting molds has created both product and prosperity and it's time to apply that same precision to safeguarding and growing your wealth.
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We understand that your focus has been on excellence in manufacturing, expanding your operations, and meeting the demanding needs of automotive and industrial clients. This dedication has built successful enterprises but may have left little time for comprehensive financial planning. Due to that, we've seen many mold-making businesses face the same common challenges:
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● Much of your wealth is tied to your business, making diversification crucial
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● The next generation may have different aspirations or need specialized training to take over
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● Tax implications and liquidity issues of business succession can erode the wealth you've worked so hard to build
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● International family ties may complicate estate planning
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Our approach is as customized as the molds you create. We understand that family businesses need specialized attention, especially when they are as technical and valuable as yours. With that in mind, while we offer legacy planning, wealth management, expertise in succession planning and frameworks for family governance; the key ingredient to bringing this together is our Strategic Direction that is based on our proprietary process.
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The time to act is now. The mold-making industry is evolving rapidly, with new technologies and global competition changing the landscape. Just as you're adapting your business, so too should your wealth management strategy. We are excited to be able to provide insight with the same precision and excellence you've brought to your industry. This insight will help you build a foundation for your family's future—and your legacy.
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To help us plan for 2025, including events and activities, please complete the 2025 Member Survey.
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With only 7 questions, this survey should take less than 5 minutes and will help us ensure we are offering the most value for your membership!
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UPDATED VISION, MISSION AND GOALS FOR 2025!
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