07:12:34 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



General Motors Company
Symbol GMM
Shares Issued 1,494,723,270
Close 2017-07-04 U$ 35.00
Market Cap U$ 52,315,314,450
Recent Sedar Documents

Globe says Scotiabank sees growth pushed by auto sales

2017-07-05 07:07 ET - In the News

See In the News (C-BNS) Bank of Nova Scotia

The Globe and Mail reports in its Wednesday edition that vehicle sales surpassed the 200,000 level in June, providing another signal to the Bank of Canada that the Canadian economy is ripe for a rise in interest rates. The Globe's Greg Keenan writes that carmakers delivered 203,486 new vehicles in Canada last month, up 6 per cent from 191,088 a year earlier. That made June, 2017, the best June on record, surpassed only by the record tally of more than 216,000 in May. Canadian sales are on a record pace and could surpass the two-million level on an annual basis for the first time ever. One factor underpinning higher sales is that the Canadian economy is performing better than expected, said Bank of Nova Scotia economist Carlos Gomes. Scotiabank recently raised its forecast to 2.7-per-cent growth for real GDP this year. That compares with 1.5 per cent last year. The economies of the Prairie provinces are bouncing back from the energy-sector slowdown, he noted, but he also pointed to strong economic activity in British Columbia and Ontario. Passenger-car sales fell while deliveries of crossovers, pickup trucks and sport utility vehicles rose. General Motors reported a 4-per-cent overall sales gain.

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