Tag Archives: demand

Magna International Inc reports higher sales on U.S. demand


Canadian auto parts maker Magna International Inc reported better-than-expected quarterly sales, helped by demand in the usa. Magna also raised its full-year operating margin forecast on Thursday. The organization sold much of its vehicle interiors business, typically a lower-margin business, to Spain\’s Grupo Antolin in April. U.S. auto sales rose in the first three months of the year, helped by ...

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Foreign demand for Canadian housing a bright spot for struggling economy


The Canadian economy tanked in the first quarter, and April\’s data C like basically non-existent growth in consumer spending C don\’t exactly cause you to feel things are getting better anytime soon. Our manufacturers should be picking up the slack developed by low oil prices, there is however little evidence in export or business investment data that Canada\’s non-energy companies ...

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Intel Corp predicts server demand will make up for PC market woes


Intel Corp., the biggest maker of semiconductors, predicted third-quarter sales that could exceed analysts\’ predictions as those who own data centers add ability to feed information demanded by mobile Internet use. Revenue will be US$14.3 billion, plus or minus US$500 million, the company said Wednesday inside a statement. That compares with analysts\’ average projection of US$14 billion, according to data ...

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Demand not enough to boost oil price


Strong global demand for oil is insufficient to offset a strong supply outlook that has driven prices back below US$50 per barrel, and Saudi Arabia no more appears to have the necessary market clout to change prices. “This remains a supply-driven market,” said Michael Tran, a New York-based commodity strategist at RBC Capital Markets. “Supply drove us into this low ...

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