Sunday, November 09, 2008

CMHC comments that Canada’s economy gearing down and barely skirting recession

Canada's economy gearing down and barely skirting recession

A U.S. recession, slipping commodity prices and moderately tight credit conditions set up for Canada's economy to slow, although we think that it will avoid a recession for two main reasons: the favourable terms of trade effect, while weakening, will still provide residual support to domestic demand and Canada's financial stress has been more limited than in the United States, meaning the toll on household and business will be less.

Intersting comments by CMHC on whether or not we will avoid a recenssion in Canada

Regards,

Mark

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