The Canadian economy shrank by a greater-than-expected 0.3 per cent in October, the largest drop in almost three years, on weakness in both the goods and services sectors, official data showed on Tuesday. Analysts had forecast that growth would dip by 0.2 per cent from September as the economy continues to adjust to U.S. trade measures. Last month, Statistics Canada reported 0.2 per cent GDP growth for September, and Canada avoided a technical recession largely due to a surge in defence spending.
After 116 years in Berkeley, Walter Mork Company is closing its doors. The custom metal fabrication shop has survived two world wars, the Great Depression, and countless ups and downs in the economy. Twenty U.S. presidents have been elected since Walter Mork, a Finnish immigrant, opened the shop in West Berkeley in 1909. And four generations of the Mork family have worked there.
UK car and van production has fallen to its lowest level since 1953, with car output down 7.3% and van production down 45%. The sector faces uncertainty from tariffs and factory closures.
