key industry and economic indicators for canada and usa - january 2017
TRANSCRIPT
KEY ECONOMIC AND INDUSTRY METRICS – CANADA AND UNITED STATES – JANUARY 2017
By: Paul Young, CPA, CGADate: February 22, 2017
AGENDA GDP Growth Merchandise Trade/Canada Merchandise Trade / USA Automotive Steel Production Oil Rigs Class 8 Truck Sales Agriculture Equipment Electrical Production / Canada Canada Manufacturing Sales – January 2017 Housing Starts
GDP GROWTH
Source – Scotiabank Economics
MERCHANDISE TRDE / CANADA
Source – Stats Canada
USA / TRADE
- Source - https://www.census.gov/foreign-trade/Press-Release/current_press_release/ft900.pdf
AUTOMOTIVE
Source – Scotiabank
• Canadian car and light truck sales rose 2.2 per cent in January over last year to an all-time record for the month, DesRosiers Automotive Consultants said on Wednesday, as the big Detroit Three automakers posted gains that contrasted with U.S. declines.
• total sales in Canada climbed to 110,945 light vehicles in January, up from 108,572 in the same month last year, DesRosiers said, beating the previous record-setting January sales of 110,266 vehicles in 2002. Source – Globe and Mail
Analysts called for a broad range of results in January. Edmunds.com estimating a relatively flat performance for the industry compared with the same period, while WardsAuto.com forecast a 4.4% decline and a much lower seasonally-adjusted annual rate of sales than what was recorded in December or the prior January – Source – Market Watch
Canada Automotive sales up January 2017
USA Automotive sales decline January 2017
STEEL PRODUCTION
Source – World Steel
OIL RIGS
Source – Baker Hughes
CLASS 8 TRUCK SALES
Source – The Trucker
EQUIPMENT
Source – Association of Equipment Manufacturers
ELECTRICAL PRODUCTION CANADA
Source - IEG
CANADA MANUFACTURING SALES
Stats Canada
HOUSING STARTS
Source – BMO and Scotia Bank
EMPLOYMENT / CANADA
Source - Stats Canada
Source - CBC