1.
Consumer Corner: Foreclosure settlement no magic bullet for economy
OTTAWA, Oct. 31 (UPI) -- Canada's gross domestic product declined 0.3 percent in August, led largely by decreases in the energy sector, Statistics Canada reported Friday.
Output of the energy sector decreased 0.5 percent in August including a 4.5 percent decline in refinery output, while wholesale trade also dropped 3.1 percent during the month.
The manufacturing sector fell 1.1 percent in August with 18 of the 21 major groups declining. Construction also declined 0.3 percent in August, StatsCan said.
The finance/insurance sector was unchangedt, as was retail trade, although there were substantial sales declines at gasoline stations and new car dealers, the report said.
The accommodation and food services sector saw a 0.8 percent increase, attributed partly to the influx of tourists to Quebec City for its 400th anniversary celebrations, the report said.
Canada's GDP for July was up 0.7 percent on a month-to-month basis.
|
|
|
| Additional Business News Stories | |
BAGHDAD, Feb. 14 (UPI) --
U.S. supermajor Exxon Mobil won't be able to take part in an oil and natural gas licensing auction scheduled for May in Iraq, a spokesman said.
|
WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
|
Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
|
Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
|
| Stories | Photos | People | Comments |
View Caption
