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Manufacturing jobs worth weight in gold to wider economy: economists
Clipped to the Drawing Board by Pat Sheen  
OTTAWA — The contrasting reality of a commodities bubble and manufacturing bust has more than turned Canada into a land of two distinct economies, it may be sowing the seeds of a hard crash if current trends continue, say economists and industry analysts.

So far the economy as a whole has experienced relatively minor pains from the ongoing manufacturing crisis, which reached a new low Tuesday with the announcement that General Motors is closing its truck plant in Oshawa, phasing out as many as 2,600 jobs.

The gross domestic product retreated by 0.3 per cent for the first time in five years during the first quarter, but as Prime Minister Stephen Harper and Finance Minister Jim Flaherty point out, more Canadians are working today than ever before.
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Powered by JoomlaCommentCopyright (C) 2006 Frantisek Hliva. All rights reserved.Homepage: http://cavo.co.nr/
Thursday 5 June, 2008 06:49 PM
 
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