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Canadian Economy Slips as Trade Deficit Widens in February
February trade figures show exports down to 11.1 billion and imports at 10.5 billion, creating a 626 million trade surplus amid a broad recession. Cars to the U.S. slump to their lowest since 1983, while GST and tax hikes fuel costs and trigger border shopping. Bank rates ease slightly boosting April housing hopes with TREB reporting 3,300 sales by April 12 and potential to reach 6,600.
MENTIONED IN THIS ARTICLE
Standard Trust
Air Canada
Statistics Canada
Todd Rutley
Canadian Manufacturers’ Association
U.S
George Bush
Michael Wilson
Canada
Canadian Federation of Independent Business
Toronto
Bank of Canada
Maverick Bank of Montreal
Toronto Real Estate Board
TREB