Add Utilization Rates to the List of Negative Indicators
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Statistics Canada has just released capacity utilization rates for first-quarter 2008 for Canadian industry. The news is not good and adds to the list of indicators suggesting a marked slowdown in the overall economy. Generally low operating rates, weakening profit performance, the declines in goods export sales and the continuing projection of loonie-greenback parity all leave one with little enthusiasm for investment and construction prospects from the manufacturing sector over the year ahead in Canada.