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Canada Car Sales Plunge Signal Recession Worsens
April car sales across GM Ford and Chrysler Canada dropped about 30 percent or more. GM Canada fell 30 percent to 46 815 units, Ford Canada 23 732, Chrysler 20 534 as economists warn that high borrowing costs and inflation threaten a deeper downturn. Bank of Canada rate ease failed to lift lending. Government GST plan adds inflation risk.
MENTIONED IN THIS ARTICLE
Linda Leatherdale
Toronto Sun
You
Ford
Chrysler
General Motors of
Canada
Ford of Canada
Ken Harrigan
Bill Atkinson
Bank of Canada
John Crow
Europe
Japan
Treasury
Brian Mulroney
Senate
Finance Department