Friday, August 31, 2007

1200 to be Laid off In Oshawa from GM plant.

So, you must have heard the news that 1200 people will be out of work in Oshawa. They work and will soon be laid off from the GM plant there. That's the place they make trucks for the US market. Seems Americans are buying less trucks these days?

What does this have to do with Real Estate in Canada?

Well, according to Thomas Walkom of The Toronto Star, A Lot!

READ HERE.

1 comment:

Anonymous said...

Ummmm...duh? Is it a surprise that Ontario's economy is so dependent on the U.S.? Check Industy Canada's (Strategis) data...even a few years back and the Canada exports usually over 80% of total exports to the U.S..

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