Thursday, June 9, 2011

Canadian Recession and Recovery

From Stephen Gordon at Worthwhile Canadian Initiative:

The investment recovery was in two stages. In late 2009 and early 2010, expenditures were concentrated in the residential construction sector, but housing has played almost no role in the last four quarters. Happily, fixed business investment - and especially expenditures on machinery and equipment - started picking up just as the housing sector stopped contributing to growth.

See previous posts: here, here and here

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