28 November 2012 17:27 [Source: ICIS news]
Housing, which led Canadian growth until this spring, has been declining in recent months.
Ottawa-based Macdonald-Laurier Institute (MLI) said that its leading indicator for
“These trends hold out the prospect for continuing albeit slow growth in the Canadian economy over the next six months, despite recession in Europe and uncertainty surrounding the
“They reflect continued strength in most domestic sectors in
The institute said its index for Canadian housing fell 1.7% in October as housing starts and existing home sales fell - the fourth straight decline in the housing index.
Canada's central bank, the Bank of Canada, has projected the country's GDP growth at 2.2% for 2012 and 2.3% for 2013.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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