Q the Futures

Our largest and most popular form of transportation the auto industry was responsible for a 40% drop in the decline of Canada’s first quarter earnings. With an expected increase of 0.4 % according to Stats Canada our economy’s Q1 dropped by 0.3 percent.

The second quarter isn’t starting off very strong either with a slowdown in March of 0.2 per cent according to CIBC World Markets Economist Avery Shenfeld; the second quarter is not looking to improve over the first he predicts.

Optimism in parts of the Canadian government is still high with the Minister of Finance Jim Flaherty stating that Canada is still well positioned and can weather this period of global economic uncertainty. I don’t believe most Canadians are comforted from his reports from this meeting held in Montreal on Friday and are looking at the cost of living to determine their uncertainties. more