Sales in B.C. and Alberta down 35% year-over-year
Credit crunch is still an issue for all manufacturers and exporters
The number of Canadians filing for bankruptcy and unemployment benefits in climbed in January, according to new numbers released Tuesday.The Office of the Superintendent of Bankruptcy Canada said that more than 117,000 Canadians filed for bankruptcy in the 12-month period ending in January 2009. That represented an increase of 15.8% compared to the previous 12 […]
The February composite leading index fell 1.1% after a 0.9% decrease in January, with 9 of the 10 components declining, Statistics Canada said Monday.“The housing and stock markets continued to post the largest declines, while losses in manufacturing steepened as the auto industry began to implement extensive shutdowns at the turn of the year,” StatsCan […]
New vehicles sales jump 5.5%
Core inflation holds steady
International investment position swings to surplus on shrinking loonie
Slowdown in automotive sector accounts for 80% of decline
Canadian industries operated at 74.7% of their capacity in the fourth quarter of 2008, down from 78.1 in the third quarter, Statistics Canada said Monday.That’s the lowest capacity utilization rate since the government statistiscal agency began keeping records in 1987.StatsCan said the fourth-quarter decline was driven mainly by weak domestic and foreign demand for manufactured […]
Equity markets turmoil takes bite out of household wealth