Canadians Grapple With Fears Over Their Economy as Americans Buy Fewer Exports
It didn't take long for fallout from the United States' deteriorating economy to reach this frozen industrial heartland. At Maxtech Manufacturing, which produces precision parts for vehicles made by Detroit's Big Three automakers, sales fell 10% in 2007 and appear headed for at least that big a drop this year. Profits, meanwhile, have melted like ice on a summer's day."Our volumes are dropping dramatically. … We're fortunate we're still in business," says CEO K.C. Vasudeva. Maxtech's woes... Full Story
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