Canada's Residential Construction Industry: Industrial Outlook Winter 2009
The Conference Board of Canada, 11 pages
March 4, 2009
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.
- 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.