Archive for 'Manufacturing'
Canadian manufacturing sales show turnaround
Statistics Canada says manufacturing sales rose 1.9 per cent to $39.7-billion in June, partially reversing a 4.9-per-cent decline posted in May. The agency attributes the increase to strong sales in the aerospace industry and a rise in the price of petroleum and coal products. Constant dollar manufacturing sales rose 1.1 per cent in June, indicating [...]
Full StoryInvest in Canada sector profiles – Canada’s competitive advantages
Canada’s Industry Strengths Advanced Manufacturing: Canada’s global share of the aerospace industry has tripled in the last 20 years, and it is the third-largest exporter of automotive products in the world. Agri-food: Canada is the world’s fourth-largest exporter of agricultural products. Chemicals: 10 out of 10 G7 top locations for chemicals manufacturing. Enabling Technologies: The [...]
Full StoryThe worst is behind us-Canadian Economy should improve
Brett Gundlock/National Post The reflation trade is on and that is good news for Canada, according to Gerry Brockelsby at Toronto-based Marquest Asset Management Inc. Efforts by governments around the world have reached extreme levels, while some normal cyclical corrective forces are also coming into play, says the firm’s founding partner. While businesses continue to [...]
Full StoryTrade figures suggest North America on the mend
The continued run of “less bad” economic data in the United States and Canada, such as Thursday’s drop in the U.S. trade deficit and return to a trade surplus in Canada, suggests the American economy may have performed better in the first quarter than many economists first thought. “Things are still bad, but less bad [...]
Full StoryCanada posts surprise trade surplus
Canada posted an unexpected trade surplus in February, rebounding from two straights months of deficits, Statistics Canada said Thursday. The federal agency said exports rose 5.2% to $33.1-billion during the month “as all sectors increased and auto makers resumed production.” Imports increased 1.1% to $33-billion, led by machinery and equipment, it said. As a result, [...]
Full StoryLoonie plunge could help Canada weather economic slowdown
Experts say the plunging loonie, now at its lowest level in more than three years, could help Canada weather a global economic slowdown by making exports more competitive but things will be tough. Canada’s manufacturing sector suffered as the dollar soared above parity with the U.S. greenback last year for the first time in decades. [...]
Full StoryFactory sales plunge in record drop
Factory sales in Canada posted their biggest decline on record in December, with the downturn affecting virtually every industry group and province, Statistics Canada reported Monday. Manufacturing sales plunged 8% to $44.2-billion in December from $48-billion in November, the fifth consecutive month of falling values, and the worst since the federal agency began delivering the [...]
Full StoryUnions push for a ‘Buy Canadian’ policy
Chris Wattie/Canwest News ServiceCanadian Auto Workers President Ken Lewenza speaks during a news conference on Parliament Hill in Ottawa, Feb. 10, 2009. Union leaders were on Parliament Hill Tuesday pushing for the federal government to adopt a “Buy Canadian” policy before it rolls out its $40-billion economic stimulus package. “We’re here today to insist that [...]
Full StoryDetroit’s decline threatens Canada’s auto output
Mike Cassese/Reuters Canada’s share of vehicle production in North America is holding steady but may deteriorate in the years ahead because the country is too dependent on output by Detroit’s struggling automakers, according to an analysis by a leading consultancy. Auto assembly factories in Canada last year cranked out just over 2 million vehicles, down [...]
Full StoryMajority of Canadians back auto bailout
A majority of Canadians are comfortable with billions of dollars in government loans for the ailing auto industry, a new poll suggests. The Canadian Press Harris-Decima survey found that 56 per cent of respondents supported the notion of “proportional, repayable loans,” while 33 per cent were opposed. Ontario, the heart of Canada’s auto sector, showed [...]
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