Executives in the defense technology ecosystem continue to experience rising costs and supply chain disruptions. However, growing international demand and technological innovation are driving optimism and investment for the future. The executives shared their perspectives recently in earnings calls ... READ MORE >
chip shortage
Canadian retail sales fall as chip shortage hurts auto sales
Retail sales in Canada decreased by 0.6% in September, to CA$56.6 billion, as a severe shortage of semiconductor chips slowed production in the auto industry, according to data released by Statistics Canada on Friday. The drop was almost entirely driven by sales of motor vehicles and parts, which ... READ MORE >
Canada’s trade surplus widened amid microchip shortage
Canada’s merchandise trade balance had the fourth consecutive month of surplus in September as global supply chain bottlenecks debilitated the automotive industry, according to data released by Statistics Canada on Thursday. Although the surplus widened, the falling of both exports by 2.3% and imports ... READ MORE >