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Lok-Hin Yuen

CIBC World Markets - Press Releases - 1 views

micro.newswire.ca/release.cgi

Jobs Manufacturing Sector Competition Post-Recession

shared by Lok-Hin Yuen on 03 Jun 11 - No Cached
  • Canadian companies facing stiff competition from better-capitalized, more efficient facilities stateside
  • The economic recovery will add more manufacturing jobs in Canada relative to the U.S., but the gains may be shortlived amid stiffening competition south of the border
  • the improvement in the U.S. is not only stronger, but also much more capital intensive - a trend that will hinder Canada's competitive position in the post recession economy
  • ...4 more annotations...
  • "radical restructuring" of industry, Mr. Tal says, where "much more is being produced with less labour."
  • In Canada, where overall industrial production has stabilized in recent quarters, manufacturing activity in capital intensive sectors has also outpaced activity in labour intensive sectors, though to a lesser degree than in the U.S
  • Examples include Canada's chemical, electronics and computer manufacturing sectors that still utilize a much lower capital-to-labour ratio than in the U.S.
  • The high labour intensity of Canadian manufacturing means that jobs growth here will be relatively stronger during the economic recovery to meet demand, even with a strong Canadian dollar. "However, given the increased prevalence of better-capitalized and more efficient production facilities stateside, Canadian manufacturers will find it even more difficult to compete when the dust settles."
Maria Li

Canadians keep loading up on debt | Personal Finance | Financial Post - 1 views

business.financialpost.com/...adians-keep-loading-up-on-debt

Consumer Debt Mortgages

shared by Maria Li on 03 Jun 11 - No Cached
  • Add another $1,1oo to the average Canadian debt load — and that’s not even considering mortgage loans
  • average Canadian debt, not counting mortgages, climbed to $25,597 in the first quarter, up from $24,497 a year earlier for a 4.5% increase
  • debt was down $112 from the fourth quarter which is in line with seasonal trends
  • ...3 more annotations...
  • Canadians are doing a better job of managing their credit card debt which was down $25 on a year over year basis to an average of $3,539 at the end of the first quarter
  • irst quarter data shows a continued increase in the total debt per consumer, although the trend still remains modest compared to the double digit, pre-recession levels
  • Lines of credit continue to drive debt and are the largest contributor after mortgages, accounting for 41% of the outstanding debt in Canada at the end of the first. Delinquency longer than 90 days were .21%
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