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

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Ottawa

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Message Posted: Nov 24, 2012 10:01:54 AM

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) Post a Reply
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jrs4125
Champion Author Indiana

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Message Posted: Nov 26, 2012 4:18:57 AM

Alghty then
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Norm10
Champion Author British Columbia

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Message Posted: Nov 25, 2012 11:24:05 AM

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!
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EvergreenON
Champion Author Ontario

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Message Posted: Nov 25, 2012 7:49:25 AM

Good for them
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NedW
Champion Author Indianapolis

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Message Posted: Nov 25, 2012 12:29:18 AM

I hear GM plants in China are booming, too.
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ExplorerWA
Champion Author Washington

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Message Posted: Nov 25, 2012 12:09:16 AM

Cool, but what cars do they manufacture that they export to the US.
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after10
All-Star Author Hamilton

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Message Posted: Nov 24, 2012 11:54:29 PM

Someones been saving there pennies.
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Night Owl
Champion Author Toronto

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Message Posted: Nov 24, 2012 9:30:14 PM

Good news.
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Mark8601
Champion Author Bakersfield

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Message Posted: Nov 24, 2012 7:50:53 PM

Take off, A
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CocoPaz
Champion Author Santa Barbara

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Message Posted: Nov 24, 2012 7:44:17 PM

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?
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mike56MI
Champion Author Michigan

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Message Posted: Nov 24, 2012 6:55:42 PM

Good for them.
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PathfinderSC
Champion Author South Carolina

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Message Posted: Nov 24, 2012 4:53:49 PM

Good for Canada.
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SUNOIL
Champion Author Toledo

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Message Posted: Nov 24, 2012 4:37:48 PM

Good for all of us
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JDchefF
Champion Author Lancaster

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Message Posted: Nov 24, 2012 4:24:58 PM

Good for them!
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kag2010
Champion Author Winnipeg

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Message Posted: Nov 24, 2012 4:19:23 PM

Remind me again ok.
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335d1
Champion Author Virginia

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Message Posted: Nov 24, 2012 3:59:54 PM

OK
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EdWoods
Champion Author Maryland

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Message Posted: Nov 24, 2012 3:40:50 PM

GOOD!.......
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humblepie
Champion Author Toledo

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Message Posted: Nov 24, 2012 3:34:42 PM

i like happy stories
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teenitup
Champion Author Houston

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Message Posted: Nov 24, 2012 3:29:55 PM

That's neat.
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wrunner
Champion Author Virginia

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Message Posted: Nov 24, 2012 3:20:06 PM

Wonderful!
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MINIWINI598
Champion Author Washington

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Message Posted: Nov 24, 2012 2:51:13 PM

Nice...
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bwatchingu
Champion Author Arkansas

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Message Posted: Nov 24, 2012 2:20:12 PM

Just something else that the USA is not ranked Number One anymore.
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csblesson
Champion Author Texas

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Message Posted: Nov 24, 2012 1:51:03 PM

Good for them.
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Mariuxus
Champion Author Chicago

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Message Posted: Nov 24, 2012 1:16:23 PM

ok...whatever...
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crep1291
Champion Author Ottawa

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Message Posted: Nov 24, 2012 12:57:14 PM

"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.
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Tucker16
Champion Author Ottawa

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Message Posted: Nov 24, 2012 12:48:23 PM

Good stuff!
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uglytom
Champion Author Florida

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Message Posted: Nov 24, 2012 12:20:02 PM

Good for Canadians all over.
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Norm10
Champion Author British Columbia

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Message Posted: Nov 24, 2012 12:14:10 PM

Just keep the prices down and the gas mileage high and they will keep selling!
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GDAE
Champion Author Wichita

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Message Posted: Nov 24, 2012 11:58:17 AM

Good on ya!
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djwhit
Champion Author Ohio

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Message Posted: Nov 24, 2012 11:57:19 AM

THATS GREAT CANADIAN...........
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humblepie
Champion Author Toledo

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Message Posted: Nov 24, 2012 11:54:59 AM

im very happy for our northern allies
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Wally3023
Champion Author Pennsylvania

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Message Posted: Nov 24, 2012 11:50:23 AM

Good for them
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sagnat
Champion Author Riverside

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Message Posted: Nov 24, 2012 11:42:30 AM

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.
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Zuegma
Champion Author Nova Scotia

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Message Posted: Nov 24, 2012 11:15:32 AM

I suspect interest rates will start going up and will slow car sales down.
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molebaby96
Champion Author Tallahassee

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Message Posted: Nov 24, 2012 11:06:53 AM

Whatever
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bruin19MD
Champion Author Maryland

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Message Posted: Nov 24, 2012 11:00:45 AM

ok
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fora_7
Champion Author Montreal

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Message Posted: Nov 24, 2012 10:49:31 AM

Surprising cause asian made cars still have the pole..
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MrDeath666
Champion Author Houston

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Message Posted: Nov 24, 2012 10:46:00 AM

All I can say about this is, "Eh".
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fjkcpa
Champion Author Houston

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Message Posted: Nov 24, 2012 10:37:02 AM

I'm with you 200porter.
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200porter
Champion Author Toronto

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Message Posted: Nov 24, 2012 10:36:22 AM

Would have been nice to see it broken down by manufacturer to see who's leading the way.
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gbs1
Champion Author Minnesota

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Message Posted: Nov 24, 2012 10:31:58 AM

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.
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Melinda205
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Message Posted: Nov 24, 2012 10:18:02 AM

Okay
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Cellsite
Champion Author Appleton

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Message Posted: Nov 24, 2012 10:15:53 AM

Hmmm...
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Nicoalbum
Champion Author Ottawa

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Message Posted: Nov 24, 2012 10:04:33 AM

For me, it looks more like crashing agony
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skempton
Champion Author Vermont

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Message Posted: Nov 24, 2012 10:04:32 AM

May be the US should annex Canada.
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