key industry and economic indicators for canada and usa - january 2017

KEY ECONOMIC AND INDUSTRY METRICS – CANADA AND UNITED STATES – JANUARY 2017

By: Paul Young, CPA, CGADate: February 22, 2017

AGENDA GDP Growth Merchandise Trade/Canada Merchandise Trade / USA Automotive Steel Production Oil Rigs Class 8 Truck Sales Agriculture Equipment Electrical Production / Canada Canada Manufacturing Sales – January 2017 Housing Starts

GDP GROWTH

Source – Scotiabank Economics

MERCHANDISE TRDE / CANADA

Source – Stats Canada

USA / TRADE

- Source - https://www.census.gov/foreign-trade/Press-Release/current_press_release/ft900.pdf

AUTOMOTIVE

Source – Scotiabank

• Canadian car and light truck sales rose 2.2 per cent in January over last year to an all-time record for the month, DesRosiers Automotive Consultants said on Wednesday, as the big Detroit Three automakers posted gains that contrasted with U.S. declines.

• total sales in Canada climbed to 110,945 light vehicles in January, up from 108,572 in the same month last year, DesRosiers said, beating the previous record-setting January sales of 110,266 vehicles in 2002. Source – Globe and Mail

Analysts called for a broad range of results in January. Edmunds.com estimating a relatively flat performance for the industry compared with the same period, while WardsAuto.com forecast a 4.4% decline and a much lower seasonally-adjusted annual rate of sales than what was recorded in December or the prior January – Source – Market Watch

Canada Automotive sales up January 2017

USA Automotive sales decline January 2017

STEEL PRODUCTION

Source – World Steel

OIL RIGS

Source – Baker Hughes

CLASS 8 TRUCK SALES

Source – The Trucker

EQUIPMENT

Source – Association of Equipment Manufacturers

ELECTRICAL PRODUCTION CANADA

Source - IEG

CANADA MANUFACTURING SALES

Stats Canada

HOUSING STARTS

Source – BMO and Scotia Bank

EMPLOYMENT / CANADA

Source - Stats Canada

Source - CBC