Sirius Canada’s only rival in the national marketplace, XM Canada, has recently announced a substantial drop in subscribers with the publication of last quarter’s financial results.

While the same time period from last year saw XM Canada gain some 45,400 new subscribers the unveiling of this year’s reports saw the satellite corporation lose 5,800 customers and a subsequent monetary loss.

Whether the change in subscription rates is due to a faltering global economy or something even more problematic, XM is in continued danger of lagging too far behind the competition of Sirius Canada’s business.

The statistics were published on Wednesday, April 8th as part of XM’s report for the second quarter of fiscal 2009.

[Via Digital Home]