Industrial production tumbles
18 of 21 manufacturing sectors post declines
Report suggest broad weakness in U.S. economy
Producer prices decline
Trade surplus widens
August decline reverses increases earlier this year
Added incentives such as higher bank deposit insurance and tax cuts were designed to get the bill passed
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