Written on June 15, 2009
Interesting news, presented by Moishe Alexander, CFC CEO
The Royal Bank says the Canadian economy will shrink by 2.4 per cent this year, due in part to the substantial 5.4 per cent annual GDP contraction in the first quarter.
That’s the worst quarterly economic performance since 1991 and likely the worst in the [...]
* Starts are seen at 160,250 units for 2009
* Would be first time below 200,000 in seven years
* Existing home sales, prices also seen falling
* Slight rebound seen in 2010
(Adds details)
By Ka Yan Ng
TORONTO, Feb 19 (Reuters) – New home construction in Canada is expected to drop by 24 percent this year as part of [...]