The used-car market, which outsells the new-car market annually by a score of 42 million to 16 million, is experiencing a two-year price slump, industry analysts say.
The price slump last fall clearly slowed the country's economy, officials said, but growth picked up again in February when oil prices rallied.
Stocks soared broadly, also buoyed by a positive reaction to the Fed nomination after their price slump on Tuesday.
The price slump lasted until 2004 which saw a price surge that had copper reaching $7,040 per tonne in 2008.
Whatever the reason for the price slump, the fresh competition is good news for bargain-hunting business travelers.
May: emergency meeting on price slump [see p. 37475].
The producers cartel set the quotas in an attempt to prevent over-supply of the fuel causing a price slump when demand falls with the onset of warmer weather.
The reason for the oversupply and the price slump is simple: The 60 coffee-growing countries around the globe are producing too much.
The price slump has idled three-quarters of the oil-drilling rigs in Alberta, which account for 85 percent of the 1.5 million barrels Canada produces daily.
This helped to prevent a price slump but it also led to 'butter mountains' and 'wine lakes'which were expensive to store.