Canada’s economy should emerge without serious damage from the U.S. sub-prime mortgage crisis, although exports of wood and autos will be hurt by the weakness in housing and lower U.S. economic growth.
The U.S. Housing Market Meltdown: Implications for Canada
The U.S. Housing Market Meltdown: Implications for Canada
Canadian Economic Analysis
Global Economic Analysis
Industry Economic Analysis
$150.00
The U.S. Housing Market Meltdown: Implications for Canada examines how much damage to the broader Canadian economy will ensue from the carnage in the housing sector. This Executive Action Report also examines when the U.S. housing market will likely recover. Some of the report’s highlights:
- Falling housing prices in parts of the U.S. combined with low savings and rising energy costs will result in weak consumer spending.
- The U.S. housing sector is not expected to turn around until the fall of 2008.
- Canadian exports of wood and autos will be hurt the most by slower U.S. economic growth.
- Although Canada has a low exposure to mortgage-backed securities, some financial institutions have encountered difficulties, and this trend will continue over the near term.
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