We're not out of the woods yet

And much though I like bears, I'd prefer to be out of the woods...


OTTAWA — Canadian manufacturing sales drop six per cent to $38.4 billion in May, the lowest level in more than 10 years, Statistics Canada said Wednesday.

“Manufacturing sales had levelled off between February and April, after falling by 18.7 per cent between October 2008 and January 2009,” the federal agency said.

“Plant shutdowns in the motor vehicle and primary metal industries, along with continued volatility in the aerospace industry, accounted for most of the decline in May.”

The May sales number was the lowest since November 1998.