General Motors’ U.S. deliveries rose more than analysts estimated as increasing demand for fuel-efficient models pushed the industry’s annual sales rate above 13 million for the third straight month. More details at http://www.automonster.ca/?p=1992
In Canada, as in the United States, the recovery has hit a menacing roadblock – rising consumer debt. As Canadian consumers begin to worry about their debt levels, spending is dropping off — and that is holding back the economic recovery.
The story on the jobs front continues to be stagnation. Regional and state unemployment remained relative flat in July of 2010, after a significant decline in June 2010. The fallout from the end of temporary Census jobs is working through the system, but there are still plenty of issues – including reluctance on the part of employers to begin hiring in earnest.
Now that most countries have stated they are coming out of the recession, we’ll now have to see if the economy will truly improve from here or if it’s only a technical end due to one positive quarter
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1 year 12 weeks ago
1 year 12 weeks ago