Posted by: Nathan M. | January 20, 2009

Canadian Economy-How We Doing?

clipped from www.cbc.ca
Canada’s manufacturing sector hits 10-year low
“Manufacturing sales dropped 6.4 per cent in November, more than double market forecasts for a decline of 3 per cent. The downside surprise was the result of sharp declines in both prices and volumes in the month, with sales in volume terms falling to the lowest level in almost 10 years,” Dawn Desjardins, assistant chief economist at RBC Economics Research, said in a morning commentary.
New orders for manufacturers, an indication of future sales, simply fell out of bed in November, falling almost 13 per cent in the month compared to October. That represented a change in direction versus October’s increase in new orders of 9.3 per cent.
  blog it
This is for all of you out there that are claiming that Canada is escaping from the economic crisis, and that we need not worry about the American economy.
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