Wednesday, December 08, 2010

Canada's economy continues to improve

A great improvement of Canadian housing starts. Our economy improves, just as hoepy changey bo presides over a sputtering US economy. I hope the GOP can help reverse the trend, as the US is our largest trading partner and we need a healthy US economy to help maintain Canadian growth. I am glad HM Government is continuing to expand free trade agreements with other countries, to lessen our dependance on the US especially with this president in power.

Starts rise in November to 187,200 unitsM

* Urban multiples soar 20.9 pct, singles up 5.5 pct

* Ontario leaps ahead, offsets declines in other regions (Adds details, comments)

TORONTO, Dec 8 (Reuters) - Canadian housing starts rose a greater than expected 11.6 percent in November, but most of the gains were in a single province, Ontario, and economists said the home-building industry was still decelerating toward a soft landing.

New home construction rose to a seasonally adjusted rate of 187,200 units in November from a downwardly revised 167,800 units in October, Canada Mortgage and Housing Corp data showed on Wednesday.

The strong rebound, which was well above the 175,000 units forecast by economists, offset the 9.2 percent drop in October, when both single-family and multidwelling starts slid.

1 comment:

Anonymous said...

we cannot get sucked into believing that the economy is getting better. we are benefiting from american money printing right now and it will not last. canadian debt is at its highest ever at all levels including individuals.
i cannot get behind any statement of rosiness because the fundamentals are terrible.


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