Canada Auto Sales Keep Climbing
Canada Auto Sales Keep Climbing

Canada Auto Sales Keep Climbing

Canada Auto Sales Keep Climbing

Canadian auto sales rose 6.9% in August, according to data released on Tuesday, as the industry benefited from a robust economy and rising consumer confidence. In a strong finish to the summer, about 183,945 units were sold last month in the country, a report from Global Automakers of Canada showed, Reuters reported. That number raises the year-to-date total units sold to 1.40 million, a gain of 5.3% from a year earlier, according to Canadian automotive research firm DesRosiers. “August was another tremendous month for the automotive industry generally,” GAC President David Adams wrote in the report. “Unless we hit some unexpected economic turbulence, it seems reasonable that Canada will achieve another new sales record in 2017.” Auto sales typically track macro indicators such as employment and economic growth. Canada’s economy grew at its best pace in nearly six years in the second quarter helped by robust consumer spending and strong energy exports.

Short URL : https://goo.gl/ihXh62
  1. https://goo.gl/wzzutr
  • https://goo.gl/UfcLGJ
  • https://goo.gl/QgA77U
  • https://goo.gl/2BF7C1
  • https://goo.gl/EtBT1J

You can also read ...

Iran Receives First Round of Post-Sanctions Finance From European Banks
In what were the first finance deals clinched with cautious...
Indian Bank to Extend $150m for Chabahar Development
Iran is expected “very soon” to approach India’s Exim Bank...
TEDPIX soared by 3,459 points or 4.2% during the sixth month of the year–the highest monthly rise recorded so far this year.
Tehran Stock Exchange’s primary index TEDPIX gained 8,346.3...
Gold Coin Hits 3-Week Low
Gold coin prices are modestly down and hit a three-week low in...
Roads and Urban Development Minister Abbas Akhoundi has...
68% of Non-Oil Exports Headed to 5 Countries
China, Iraq, the UAE, South Korea and India imported 68.7% of...
Flat Steel Import Market Cools as Domestic Prices Drop
Import prices for flat steel materials cooled down in Iran in...
51.5% Rise in University Graduates
The findings of the most recent National Population and...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.