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Industrial output of Canadian products declined
29/4/2018 12:00 am [rtl]Toronto / Nafie Fartousi Canada's total industrial sales in January were down 1 percent to $ 54.9 billion, according to Statistics Canada. Economists polled by Thomson Reuters forecast a 0.8 percent drop, and sales of 14 of the 21 industrial sectors monitored by the Census Bureau were down. Car sales were at the forefront of declining products, down 8 percent from two consecutive quarters to $ 4.9 billion. Sales of aerospace and aerospace products fell 5.9 percent to $ 1.6 billion, The basic metal industry, which fell by 2.8 percent to $ 4.1 billion. Oil and coal products rose by 6.5 percent to $ 6.1 billion and sales of chemical products rose 6.1 percent to $ 4.7 billion. The decline in the total value of Canadian industrial sales in the first month of 2018 was followed by a slowdown in the growth of the Canadian economy in the fourth quarter of 2017, with gross domestic product increased by 1.7 percent at an annual pace compared to a rise of 3.0 percent in the same year . Exports of Canada and Mexico and concerns about the protectionist trade policy of the US administration are still on the lookout for the Canadian economy. Exemption of Canadian and Mexican exports of steel and aluminum to the United States from the new tariffs announced by the Donald Trump administration is conditional on the three countries reaching a new version of the Trade Agreement North America Free Trade Agreement (NAFTA) accepted by Washington. Scott Scott, the prime minister of Saskatchewan, plans to introduce a bill in the next few days to restrict oil exports from his province to the province of British Columbia. Scott Moe's position comes in solidarity with the Alberta government, headed by Rachel Notley, who has recently submitted a bill to that effect. An oil spill occurred and Nutelli made its decision against the background of the bitter dispute between Alberta and British Columbia after the latter refused to approve the project to expand the Trans Mountain pipeline to transport oil from Edmonton to Burnaby on Vancouver Island on the Pacific coast. British Columbia fears the possibility of an oil spill leaving serious environmental complications, but the Canadian Petroleum Producers Federation welcomed the decision by the Saskatchewan government. McMillan said it was too early to know what complications the bill would have to curtail oil exports to oil producers in Saskatchewan, but provincial government chief Scott Mo expected more complications if the Trans Mountain pipeline project was not implemented. The British Columbia prosecutor David Ebe threatened to prosecute Alberta before the judiciary if the decision to restrict the export of oil from the high prices in the province.[/rtl] [rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=156295[/rtl] |
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