Highlights of the Canadian international trade report:
- Prior -$0.64B (revised to -$0.34B)
There is some better news for Canada in the trade balance report but it’s not tough to find worries.
Other news from Canada today
The lead story in the Globe & Mail today is a McKinsey Global Institute study that says Canadians “now have larger household debt burdens than existed in the U.S. or the U.K. at the peak of the credit bubble.”
Real estate worries in Calgary remain at the top of the agenda with a story entitled Panic hits Calgary’s luxury real estate as oil takes its toll
After pouring thousands into granite countertops, hardwood floors and new appliances, Sandra MacKenzie listed her 102-year-old house on a corner lot in Mount Royal for $1.4-million in November, just as oil prices were collapsing. Similar houses in the neighbourhood were selling for $1.5-million in the summer, but after weeks with little interest from buyers, Ms. MacKenzie recently slashed the price to $900,000. An open house last weekend brought 30 people, but no takers.
