Canada’s beleaguered export sector is putting the brakes on Canada’s economy. Domestic demand — spending by consumers, businesses and governments — remains strong, so only a few industries and communities are feeling the pain. Even on Main Street Ontario, which is in a recession, the pain is focused on areas with crumbling auto production.In fact, […]
But Canada experienced a higher than expected gain in the GDP in the same month
Scotia Economics report suggests that reduced leverage will limit the downturn in Canada
Wholesale sales up 2.3% in July
Moderation in inflation leaves room for Fed to cut interest rates
Fourth straight monthly increase
Wholesale inflation rate drops
Canadian industries operated at 78.9% of their capacity in the second quarter of 2008, down from 79.6% in the first quarter.It was the fourth straight quarterly drop as the automotive and forestry sectors saw a continued drop in demand from abroad, Statistics Canada said.The drop, which affected all sectors in the second quarter, was less […]
U.S. trade gap swells
U.S. wholesale inventories climb