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Author	Topic: Canada's automakers on track for best year in decade	Post a Reply Back to Topics

Nicoalbum Champion Author Ottawa Posts:6,001 Points:1,185,220 Joined:Jan 2010	Message Posted: Nov 24, 2012 10:01:54 AM Ignore Nicoalbum Report Abuse Canada's vehicle manufacturers are poised to have their most profitable year in a decade in 2012, according to the Conference Board of Canada. The Ottawa-based economic forecaster estimates the industry will have $1.35 billion in pre-tax profits this year, its best year since 2002. "The industry will continue to benefit from brisk growth in vehicle sales, both this year and next," said Michael Burt, director, industrial economic trends. Burt noted that while Canadian sales are set to surpass their pre-recession level this year, sales in the United States are not expected to return to 2007 volumes until 2014. "This increasing U.S. demand is expected to lead to a prolonged recovery in Canadian auto exports," he said. Through the first eight months of 2012, Canadian automotive production Visit The Canadian Press for full article

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Canada's vehicle manufacturers are poised to have their most profitable year in a decade in 2012, according to the Conference Board of Canada.

The Ottawa-based economic forecaster estimates the industry will have $1.35 billion in pre-tax profits this year, its best year since 2002.

"The industry will continue to benefit from brisk growth in vehicle sales, both this year and next," said Michael Burt, director, industrial economic trends.

Burt noted that while Canadian sales are set to surpass their pre-recession level this year, sales in the United States are not expected to return to 2007 volumes until 2014.

"This increasing U.S. demand is expected to lead to a prolonged recovery in Canadian auto exports," he said.

Through the first eight months of 2012, Canadian automotive production
Visit The Canadian Press for full article

REPLIES (newest first)Ignore Short Messages

jrs4125 Champion Author Indiana Posts:2,738 Points:587,745 Joined:Sep 2011	Message Posted: Nov 26, 2012 4:18:57 AM Ignore jrs4125 Report Abuse Alghty then
Norm10 Champion Author British Columbia Posts:3,327 Points:162,150 Joined:Dec 2010	Message Posted: Nov 25, 2012 11:24:05 AM Ignore Norm10 Report Abuse This is really amazing when you consider vehicles made in Canada are cheaper in the USA and the Canadian dollar has been at par or higher for over a year!
EvergreenON All-Star Author Ontario Posts:923 Points:479,690 Joined:Apr 2011	Message Posted: Nov 25, 2012 7:49:25 AM Ignore EvergreenON Report Abuse Good for them
NedW Champion Author Indianapolis Posts:5,594 Points:1,138,245 Joined:Mar 2008	Message Posted: Nov 25, 2012 12:29:18 AM Ignore NedW Report Abuse I hear GM plants in China are booming, too.
ExplorerWA Champion Author Washington Posts:4,062 Points:793,250 Joined:Feb 2011	Message Posted: Nov 25, 2012 12:09:16 AM Ignore ExplorerWA Report Abuse Cool, but what cars do they manufacture that they export to the US.
after10 Veteran Author Hamilton Posts:355 Points:47,450 Joined:Jul 2012	Message Posted: Nov 24, 2012 11:54:29 PM Ignore after10 Report Abuse Someones been saving there pennies.
Night Owl Champion Author Toronto Posts:7,535 Points:1,783,575 Joined:Jul 2004	Message Posted: Nov 24, 2012 9:30:14 PM Ignore Night Owl Report Abuse Good news.
Mark8601 All-Star Author Bakersfield Posts:913 Points:378,765 Joined:Dec 2011	Message Posted: Nov 24, 2012 7:50:53 PM Ignore Mark8601 Report Abuse Take off, A
CocoPaz Champion Author Santa Barbara Posts:2,350 Points:319,395 Joined:Jun 2012	Message Posted: Nov 24, 2012 7:44:17 PM Ignore CocoPaz Report Abuse didn't know that Canadians made cars. We are praying for those of you on the East Coast. 1/2 hour to go until the USC-Notre Dame game. Any odds out there?
mike56MI Champion Author Michigan Posts:1,200 Points:304,340 Joined:Aug 2011	Message Posted: Nov 24, 2012 6:55:42 PM Ignore mike56MI Report Abuse Good for them.
PathfinderSC Champion Author South Carolina Posts:9,501 Points:1,827,715 Joined:Mar 2008	Message Posted: Nov 24, 2012 4:53:49 PM Ignore PathfinderSC Report Abuse Good for Canada.
SUNOIL Champion Author Toledo Posts:5,225 Points:1,922,005 Joined:Jul 2007	Message Posted: Nov 24, 2012 4:37:48 PM Ignore SUNOIL Report Abuse Good for all of us
JDchefF Champion Author Lancaster Posts:1,030 Points:225,245 Joined:Aug 2012	Message Posted: Nov 24, 2012 4:24:58 PM Ignore JDchefF Report Abuse Good for them!
kag2010 Champion Author Winnipeg Posts:5,239 Points:1,016,735 Joined:Apr 2010	Message Posted: Nov 24, 2012 4:19:23 PM Ignore kag2010 Report Abuse Remind me again ok.
335d1 Champion Author Virginia Posts:2,361 Points:755,045 Joined:Feb 2011	Message Posted: Nov 24, 2012 3:59:54 PM Ignore 335d1 Report Abuse OK
EdWoods Veteran Author Maryland Posts:419 Points:62,910 Joined:Aug 2012	Message Posted: Nov 24, 2012 3:40:50 PM Ignore EdWoods Report Abuse GOOD!.......
humblepie Champion Author Toledo Posts:34,065 Points:2,367,370 Joined:Mar 2006	Message Posted: Nov 24, 2012 3:34:42 PM Ignore humblepie Report Abuse i like happy stories
teenitup Champion Author Houston Posts:1,603 Points:245,955 Joined:Sep 2012	Message Posted: Nov 24, 2012 3:29:55 PM Ignore teenitup Report Abuse That's neat.
wrunner Champion Author Virginia Posts:4,425 Points:1,132,585 Joined:Dec 2009	Message Posted: Nov 24, 2012 3:20:06 PM Ignore wrunner Report Abuse Wonderful!
MINIWINI598 Champion Author Washington Posts:2,995 Points:514,700 Joined:Dec 2011	Message Posted: Nov 24, 2012 2:51:13 PM Ignore MINIWINI598 Report Abuse Nice...
bwatchingu Champion Author Arkansas Posts:1,730 Points:597,720 Joined:Jan 2009	Message Posted: Nov 24, 2012 2:20:12 PM Ignore bwatchingu Report Abuse Just something else that the USA is not ranked Number One anymore.
csblesson Champion Author Texas Posts:1,796 Points:349,125 Joined:May 2012	Message Posted: Nov 24, 2012 1:51:03 PM Ignore csblesson Report Abuse Good for them.
Mariuxus Champion Author Chicago Posts:3,740 Points:1,867,065 Joined:May 2007	Message Posted: Nov 24, 2012 1:16:23 PM Ignore Mariuxus Report Abuse ok...whatever...
crep1291 Champion Author Ottawa Posts:2,576 Points:480,635 Joined:Dec 2010	Message Posted: Nov 24, 2012 12:57:14 PM Ignore crep1291 Report Abuse "May be the US should annex Canada." You tried several times and failed every time. Perhaps Canada should annex the US instead. But that would be too much of a drag on our economy.
Tucker16 Champion Author Ottawa Posts:1,149 Points:541,130 Joined:Jul 2006	Message Posted: Nov 24, 2012 12:48:23 PM Ignore Tucker16 Report Abuse Good stuff!
uglytom Champion Author Florida Posts:7,464 Points:1,542,015 Joined:Jul 2007	Message Posted: Nov 24, 2012 12:20:02 PM Ignore uglytom Report Abuse Good for Canadians all over.
Norm10 Champion Author British Columbia Posts:3,327 Points:162,150 Joined:Dec 2010	Message Posted: Nov 24, 2012 12:14:10 PM Ignore Norm10 Report Abuse Just keep the prices down and the gas mileage high and they will keep selling!
GDAE Champion Author Wichita Posts:1,130 Points:216,900 Joined:Oct 2012	Message Posted: Nov 24, 2012 11:58:17 AM Ignore GDAE Report Abuse Good on ya!
djwhit Champion Author Ohio Posts:2,992 Points:1,204,455 Joined:Jul 2009	Message Posted: Nov 24, 2012 11:57:19 AM Ignore djwhit Report Abuse THATS GREAT CANADIAN...........
humblepie Champion Author Toledo Posts:34,065 Points:2,367,370 Joined:Mar 2006	Message Posted: Nov 24, 2012 11:54:59 AM Ignore humblepie Report Abuse im very happy for our northern allies
Wally3023 Champion Author Pennsylvania Posts:2,014 Points:536,355 Joined:Sep 2011	Message Posted: Nov 24, 2012 11:50:23 AM Ignore Wally3023 Report Abuse Good for them
sagnat Champion Author Riverside Posts:1,134 Points:304,260 Joined:Jun 2012	Message Posted: Nov 24, 2012 11:42:30 AM Ignore sagnat Report Abuse Remind me again, which car marques are Canadian? I thought the plants there were building Fords, Chevys and probably Toyotas, none of which are Canadian. Unless they mean those cars produced for the Canadian market.
Zuegma All-Star Author Nova Scotia Posts:967 Points:253,905 Joined:Aug 2012	Message Posted: Nov 24, 2012 11:15:32 AM Ignore Zuegma Report Abuse I suspect interest rates will start going up and will slow car sales down.
molebaby96 Champion Author Tallahassee Posts:2,118 Points:501,805 Joined:Nov 2011	Message Posted: Nov 24, 2012 11:06:53 AM Ignore molebaby96 Report Abuse Whatever
bruin19MD Champion Author Maryland Posts:1,052 Points:161,510 Joined:Feb 2011	Message Posted: Nov 24, 2012 11:00:45 AM Ignore bruin19MD Report Abuse ok
fora_7 All-Star Author Montreal Posts:862 Points:206,405 Joined:Sep 2012	Message Posted: Nov 24, 2012 10:49:31 AM Ignore fora_7 Report Abuse Surprising cause asian made cars still have the pole..
MrDeath666 Champion Author Houston Posts:1,596 Points:240,190 Joined:Sep 2012	Message Posted: Nov 24, 2012 10:46:00 AM Ignore MrDeath666 Report Abuse All I can say about this is, "Eh".
fjkcpa Champion Author Houston Posts:4,475 Points:598,210 Joined:Nov 2005	Message Posted: Nov 24, 2012 10:37:02 AM Ignore fjkcpa Report Abuse I'm with you 200porter.
200porter Champion Author Toronto Posts:2,045 Points:538,135 Joined:Sep 2011	Message Posted: Nov 24, 2012 10:36:22 AM Ignore 200porter Report Abuse Would have been nice to see it broken down by manufacturer to see who's leading the way.
gbs1 Champion Author Minnesota Posts:1,981 Points:738,600 Joined:Mar 2011	Message Posted: Nov 24, 2012 10:31:58 AM Ignore gbs1 Report Abuse As the US big three have plants in Canada, they export a good portion of their production to the US. I would prefer vehicles to be made in the US, but Canada is the next best place.
Melinda205 Champion Author Alabama Posts:1,814 Points:354,815 Joined:May 2012	Message Posted: Nov 24, 2012 10:18:02 AM Ignore Melinda205 Report Abuse Okay
Cellsite Champion Author Appleton Posts:1,223 Points:283,925 Joined:Jun 2012	Message Posted: Nov 24, 2012 10:15:53 AM Ignore Cellsite Report Abuse Hmmm...
Nicoalbum Champion Author Ottawa Posts:6,001 Points:1,185,220 Joined:Jan 2010	Message Posted: Nov 24, 2012 10:04:33 AM Ignore Nicoalbum Report Abuse For me, it looks more like crashing agony
skempton Champion Author Vermont Posts:1,124 Points:835,160 Joined:Apr 2010	Message Posted: Nov 24, 2012 10:04:32 AM Ignore skempton Report Abuse May be the US should annex Canada.