Ottawa – Statistics Canada says strong performance in the financial sector drove Canadian corporate operating profits to just over $100 billion in the third quarter, up 17.2 per cent from the same period last year. The federal agency says profits…
Ottawa – Statistics Canada says manufacturing sales fell 2.6 per cent to $52.5 billion in July, due in large part to a drop in the auto sector. The agency says sales fell in nine of 21 industries, representing 57 per…
Detroit – General Motors is extending the normal two-week summer shutdown at two U.S. car factories because of slumping demand. Union officials say the Lordstown, Ohio, plant near Cleveland and the Fairfax plant in Kansas City, Kansas, will close for…
Regular inspections, maintenance and finding the right shop to repair critical motors will reduce costly, unplanned shutdowns.