News
Imports, exports keep falling due to energy, automotive
OTTAWA -- Declines in the energy sector in May, was one of a handful of factors leading to a fourth drop in exports in five months. But merchandise imports decreased at a rate higher than that of exports, resulting in an increase in Canada's merchandise trade surplus, reports Stats Canada.
’07 downturn may spark layoffs at Navistar’s Chatham plant; Over 800 jobs on the line
CHATHAM, Ont. -- Navistar International's announcement that it may have to slash jobs from its Canadian heavy-duty assembly plant doesn't mean workers will most likely be sent home, says the truckmaker's chief spokesman.