slump in auto sector stalls canada economy
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

Slump in auto sector stalls Canada economy

Arab Today, arab today

Arab Today, arab today Slump in auto sector stalls Canada economy

Ottawa - Arabstoday

Canada\'s economy stalled in April, setting the stage for a weak second quarter, as supply disruptions caused by Japan\'s earthquake and tsunami triggered a slump in the key auto manufacturing sector. Gross domestic product (GDP) was unchanged in April following 0.3 per cent growth in March, Statistics Canada said on Thursday. Analysts surveyed by Reuters, on average, forecast a 0.1 per cent decline in April GDP. Mining sector strength contributed to the slightly stronger-than-expected number. But it was still the second worst monthly performance since September 2010, slightly better than the 0.1 percent contraction in February. \"There was an outsized gain in mining that helped cushion against declines in manufacturing, wholesaling, and financial services,\" Avery Shenfeld, chief economist at CIBC World Markets, wrote in a note to clients. Article continues below \"Overall, better than expected but obviously not a good reading in absolute terms, and we expect May to show similar softness.\" Service-producing industries remained flat as strong consumer spending offset declines in wholesale, fin-ance and insurance. \"This data point confirms the well-known belief that the second quarter of the year will be quite weak. Our most recent forecast pegs the expenditure-based measure of annualised quarterly growth at just 1.3 per cent,\" David Tulk, chief Canada macro strategist at TD Securities, wrote in a research note. \"Looking further into the future, the real story will be the magnitude of the rebound over the second half of the year.\" Analysts said the report\'s market impact was overshadowed by Greek political developments and the release of disappointing US jobless claims data. The Canadian dollar held stronger, trading at C$0.9670 to the US dollar.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

slump in auto sector stalls canada economy slump in auto sector stalls canada economy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

slump in auto sector stalls canada economy slump in auto sector stalls canada economy

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 16:03 2017 Thursday ,21 December

US hits Myanmar general in new global rights sanctions
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday