Canadian manufacturing sales have been lower than expected in September, according to the latest data reported by Haver.com. On a positive note, the inventory/shipment ratio declined to 1.46 in September from 1.63 in January.
At the same time, the real estate market has picked up significantly suggesting that the buyers are coming out of slumber and are taking risks. A rapid recovery in the real estate markets is giving heartburns to some industry watchers who are speculating about another property bubble in the making.
While the economic indicators are presenting a mix bag for Canada, it is safe to say that the worst is over for Canada and if we are not already recovering, we are certainly on the path to recovery in Canada.
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