Sales of trucks and passenger cars were both down as the number of new motor vehicles sold dropped 4.8 per cent in August. That’s 128,764 new vehicles. Statistics Canada reports preliminary industry data indicate new vehicle sales increased four per cent in September. Sales of trucks (which include minivans, sport-utilityContinue Reading

The Bank of Canada has raised interest rates again, saying: the economy is recovering but still faces major challenges. If the economy is facing major challenges, then why raise rates? BMO economist Douglas Porter said poor housing sales and less spending by Canadians is still making for a fragile economyContinue Reading

The economic and diplomatic strings attached to Ottawa’s multi-billion dollar deal to buy the F-35 stealth fighters would make it extremely painful — if not impossible — for a future government to unravel or cut, senior Conservatives insisted Wednesday. Unlike the EH-101 helicopter deal axed in the mid-1990s by JeanContinue Reading

Canadians appear to be a vehicle-buying mood, according to July figures in the latest Global Auto Report from Scotia Economics. It says Canadian sales advanced to an annualized 1.65 million units last month, lifting volumes at several automakers to the highest July on record. It was the second monthly reboundContinue Reading

Toronto’s main stock index dropped on Monday to its lowest in nearly five months as energy, materials and financial issues receded on concerns about global economic growth. The broad-based decline came on thin trading on a day when U.S. markets were closed for the Independence Day holiday. Among the biggestContinue Reading

Canada’s economy stalled in April on a slide in retail sales, suggesting the pace of growth is slowing and that the central bank may think twice about raising interest rates again this month. Statistics Canada said on Wednesday real gross domestic product was flat in the month after seven straightContinue Reading