Gulf Oil and Gas accountACCOUNT

Canada Economy - September 2015

Source: OPEC 10/3/2015, Location: North America

Canada is still experiencing a considerable slow-down, given significant weakness in its exports and the significant challenges for the energy sector due to low oil prices. GDP growth has now been confirmed to be negative for both the 1Q15 and the 2Q15 at -0.8% q-o-q SAAR and -0.5% q-o-q SAAR, respectively. Industrial production was clearly negative in the 2Q15 at -2.4% y-o-y, clearly less than the 1.1% growth from the 1Q15. The latest PMI for manufacturing from August indicates that this trend may continue. It stood at 49.4, clearly below the growth indicating level of 50. Given this current weakening trend, 2015 GDP growth has been revised sharply down to 0.7% from 1.5%. The 2016 growth forecast has also been lowered to 1.9% from 2.0%.

Economics/Financial Analysis News in Canada >>

Australia >>  7/14/2020 - Woodside has undertaken a review as of 30 June 2020 of the carrying values of its assets in accordance with the Groupís accounting policies and the ac...
Namibia >>  7/13/2020 - Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company with license interests in Guyana and Namibia, is pleased to announce its results fo...

United States >>  7/13/2020 - Forum Energy Technologies, Inc. announced that revenue for the second quarter 2020 is now projected to be in the range of $110 to $115 million, a decl...
Norway >>  7/9/2020 - PGS expects to report Segment* revenues for Q2 2020 of approximately $138 million. Contract revenues ended at approximately $31 million. MultiClient p...

Norway >>  7/9/2020 - Kvaerner delivers strong results for the second quarter, and the order intake establish a platform for growth in both the short and medium term. The l...
Peru >>  7/9/2020 - PetroTal Corp. is pleased to announce its financial and operating results for the three months ended March 31, 2020 ("Q1 2020"). ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Canada Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.