Canadian auto sales increased in 2021 despite slower December, says DesRosiers
BNN Bloomberg
DesRosiers Automotive Consultants says Canadian auto sales increased last year despite a weaker December.
TORONTO - DesRosiers Automotive Consultants says Canadian auto sales increased last year despite a weaker December.
The consultancy estimates light vehicle sales were 1.64 million, up 6.6 per cent from the depressed level of 2020.
However, sales fell 4.5 per cent to 102,919 units in December from a year earlier as semiconductor supply issues continued to affect the industry.
Last year was the 11th best on record but was down 19.6 per cent from the market high of just over two million units in 2017.
Light truck sales accounted for more than 80 per cent of total sales for the first time, rising to 81.2 per cent in 2021, up from 79.9 per cent in 2020.
The top-selling light truck for the year was the Ford F-series with 116,401 units sold.
Jay Allen is a fan of U.S. President Donald Trump, and voted for him on the belief that the Republican would cut taxes and trim regulations, helping his manufacturing business in northeast Arkansas.
Another climb for oil prices sent the U.S. stock market sharply lower, as hopes collapsed for a possible cut to interest rates by the Federal Reserve.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
Facing a $1.4 billion deficit shortfall, the provincial government says its large-animal vet service will be privatized over the next three years.
Facing a $1.4 billion deficit shortfall, the provincial government says its large-animal vet service will be privatized over the next three years.
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Markets in Canada and the U.S. continued to trade lower while oil went up late morning on Friday as inflationary fears prevailed among investors.
Gold prices fell by 1.8 per cent on Friday as the dollar strengthened on a report that the United States will deploy extra troops in the Middle East, fanning concerns of higher oil prices, inflation, and with it, elevated interest rates.
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Statistics Canada says retail sales were up 1.1 per cent at $70.7 billion in January, led by sales at motor vehicle and parts dealers.
As Qatar reels from an Iranian attack that has hobbled its giant natural gas company, its boss, who doubles as the country’s energy minister, says he had warned officials and executives of just such a danger should Iran’s own sites be hit.
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