Q1 GDP decline worst since 1991
Canada suffered its largest quarterly drop in GDP in 18 years, according to figures released Monday.
Statistics Canada said the gross domestic product — essentially the country’s income — fell by 1.4 per cent for the first three months of 2009 as companies stopped spending on new equipment because of the global recession.
That means that the […]
U.S. Durable Orders Continue To Decline In March
U.S. Durable Orders Continue To Decline In March
Release Explanation: The value of new purchase orders placed with manufacturers that have a life span of more than three years. These can include; aircraft, household appliances, computers and automobiles. Builds an economic picture of how busy the manufacturing industry will be over the coming months and is […]
Decline in U.S. Durable Orders Smaller than Expected
Decline in U.S. Durable Orders Smaller than Expected
Durable good new orders for March declined 0.8%; expectations had been for an even greater drop of 1.5%. Offsetting the good news in March, the February increase was lowered to 2.1% from a previously estimated 3.5%. However, the drop in March reversed less than one-half of […]