The Canadian Autoworkers and General Motors tentatively agreed to a new labor contract on Thursday.
Union spokeswoman Shannon Devine said more details will be released later.
CAW President Buzz Hargrove announced late Wednesday they were close to deals with both GM and Chrysler after both said they were willing to meet the pattern of a deal the [...]
merchandise trade surplus declined in the latest month, April 2008, to $61.3 billion, on an annualized basis, according to the latest report from Statistics Canada.
This figure, while down from March�s level of $68.3 billion, still compares favorably with the long-term average ($60.0 billion since 2001) and is way up from the low point over the [...]
Even as the Canadian Auto Workers union was negotiating its new labour contracts with the Detroit Three this spring, the U.S. market for pickup trucks and sport utility vehicles was collapsing.
Sales were plunging faster than anyone in the union realized and so quickly that even senior executives at Chrysler LLC, Ford Motor Co. and General [...]
But it also highlights just how much Canadian car prices in general have escaped inflationary pressure. If it had followed the same 29 per cent cost increase since 1995 that other goods in Statistics Canada’s consumer price index had, the Accent would retail for $12,890 today. Pricing the car under $10,000 gives Hyundai an advantage [...]
Hyundai Motor Co. has opened a new chapter in Canada’s car wars, dropping the starting price of its Accent small car to $9,995 nationwide. It’s the same price it sold the car for 13 years ago and the first time in recent memory any manufacturer has offered a new automobile in the country for four [...]
By Frank Pingue
TORONTO, Feb 22 (Reuters) - The Canadian dollar was knocked
lower versus the U.S. dollar on Friday morning after a domestic
retail sales report missed expectations and supported the case
for more Bank of Canada rate cuts.
Domestic bond prices were lower across the curve.
At 9:40 a.m. (1440 GMT) [...]
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(Adds analyst comment, details)
OTTAWA, March 17 (Reuters) - A rebound in car sales lifted
Canadian manufacturers’ sales in January, but economists warned
that the sector remains under considerable stress as U.S.
demand for exports implodes.
Statistics Canada said on Monday that factory shipments
rose by 1.3 [...]
(Refiles to fix typo in sixth paragraph)
(Adds analyst comment, details)
OTTAWA, March 17 (Reuters) - A rebound in car sales lifted
Canadian manufacturers’ sales in January, but economists warned
that the sector remains under considerable stress as U.S.
demand for exports implodes.
Statistics Canada said on Monday that factory shipments
rose by 1.3 [...]
(Adds analysts, market reaction, detail)
By Louise Egan
OTTAWA, Feb 15 (Reuters) - Canadian factory shipments of
vehicles plunged in December to their lowest level in over a
decade, pushing overall manufacturing sales down by more than
expected and painting a gloomy outlook for growth.
Manufacturing sales tumbled 3.4 percent in December, a [...]
By Frank Pingue
TORONTO, Feb 22 (Reuters) - The Canadian dollar ended lower
against the U.S. dollar on Friday en route to a third straight
weekly decline after data showed Canadian retail sales outside
the auto sector disappointed in December.
Canadian bond prices ended lower across the curve, handing
back some of the gains [...]
