2008-2010 CanaData Annual Construction Forecast — Order Today and SAVE!

Executive Summary of CanaData’s 22nd Annual Conference

The Canadian economy is strong and well positioned to withstand the ripple effects of the sub-prime mortgage crisis in the United States, delegates to the 22nd annual CanaData Construction Industry Forecasts Conference in Toronto Canada were told.

Held on September 20, the very day the Canadian dollar reached parity with the American dollar, the conference featured speakers from the fields of economics, finance, real estate and construction. They cited this country’s oil reserves, trade and fiscal surpluses, buoyant house market, rising employment and a partial dampening of the Québec sovereignty debate as some of the reasons for their optimism.

But most acknowledged there are factors working against the economy. The manufacturing sector in Central Ontario remains weak; unemployment rates remain high in Atlantic Canada; non-resource exports to the United States have actually decreased dramatically…  more

Alex Carrick
CanaData Chief Economist

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