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Canadian economy faces "soft spot"
10 May 2012
A growing housing bubble in Canada may mean a rough patch is ahead for the Canadian economy
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Canada
CASLA
Despite the conservative Canadian economy having faired well through the global financial crisis and the recent European debt crisis, vulnerabilities remain and a “soft spot” could be ahead.
Speaking at the Canadian Securities Lending Association (Casla) conference in Toronto yesterday, industry participants said that a housing bubble is building in the Canadian economy.
“There is a condo bubble approaching here. There are three times...
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