As if American consumer confidence needed another hit, it appears that the strong economic growth announced in the second quarter was something of a mirage. A housing report issued on Tuesday revealed that home sales had fallen off a cliff in July. Now comes revised GDP data that may have Canadian investors worried about their […]
Housing’s tentacles reach into so many sectors of the economy — everything from finance and furnishings to food and fuel — and it has a solid track record of hinting when an economy is slipping into, or climbing out of, recession. So it comes as no surprise that many see this week’s shabby existing home […]