Profit Margins

: Profit margins should improve over the next two years, and vehicle producers will likely see their highest profits in years, the report predicts, according to The Toronto Star. Though they are quite good and better than they have been in recent years, those profits still represent only about half the profits seen in the late 1990s and early 2000s, a board spokesperson said later. But a dark cloud hangs over General Motors’ Oshawa plant with 1,000 job losses this year and more possible in 2016, the board said in a report to be released Wednesday. Sales in 2015 are expected to rise 5.6 per cent to $59.5 billion. The Canadian dollar, which closed yesterday at 81.08 cents U.S., is trading at lows not seen in a decade. About 86 per cent of vehicles produced in Canada are sold to the U.S., where Canada lower dollar is proving to be a competitive advantage. (news.financializer.com). As reported in the news.