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Title: Glut of unsold cars in the U.S. is being dumped into Canada... Post by: WhiskeyGirl on November 14, 2008, 05:39:26 PM COLUMN: SMILE, THERE'S GOOD NEWS OUT THERE
Don Martin , Canwest News Service Published: Friday, November 14, 2008 Quote National average price for gasoline this week: 88.7 cents per litre (down a dime since Halloween). Gasoline price five months ago: $1.30 per litre. Enough said. ...The glut of unsold cars in the U.S. is being dumped into Canada, where sales are apparently still doable. That means an oversupply of new cars that are aggressively discounted in price, in some cases with dealers slapping year-end clearout stickers on incoming 2009 models, and with almost everyone offering zero per cent financing deals. So for those of you with money to splurge, that mid-life-crisis Corvette is about $9,000 cheaper than last year. ... Quote ...The definitive industry voice of DesRosiers Automotive Consultants says Canadian car sales were up 1.5 per cent last month over October 2007. Ford may be down almost 10 per cent and General Motors by six per cent, but Toyota sales jumped almost nine per cent. ...Canada is one of the least likely countries in the world to default on its $457-billion debt courtesy of prudent fiscal management and healthy banks...And that debt is being serviced by reduced interest rates, saving taxpayers hundreds of millions of dollars. Quote ...the 6.1 per cent jobless rate last month was lower than the U.S. for the first time since Pierre Trudeau was prime minister. Quote If you subtract the overheated, unsustainable, insanely overpriced housing markets from the national equation, home prices have barely downticked at all. Two-thirds of real estate boards reporting to the Canadian Real Estate Association reported year-over-year average price gains in September. read the rest of the good news here - http://www.canada.com/topics/news/national/story.html?id=524ebf0c-d71a-4e0e-8da6-ca0bd6b62a98 (http://www.canada.com/topics/news/national/story.html?id=524ebf0c-d71a-4e0e-8da6-ca0bd6b62a98) Are US politicians looking for ways to save taxpayers money? spend, spend, spend, spend away... |