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Canada's Residential Construction Industry: Industrial Outlook Winter 2009

The Conference Board of Canada, 11 pages, March 4, 2009
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The Canadian Industrial Outlook Service includes detailed five-year forecasts in 16 key Canadian industries. The report examines the short- and medium-term economic and profitability outlooks for these industries.

Document Highlights

  • Credit Tightening—Deteriorating economic conditions and rising loan losses are making Canadian banks more reluctant to lend money as the probability of being reimbursed shrinks.
  • Budget to the Rescue—The 2009 federal budget introduced a series of measures to boost spending on renovations and home building.
  • Consumer Confidence Plunges—The Consumer Confidence Index has plummeted to levels last recorded during the recession of the early 1990s, causing consumers to postpone significant expenses such as renovating or buying a home.