The bad economic times have only just started

The Canadian economy is headed for a rough patch. Growth has already slowed considerably. Job growth has moderated. Inflation remains stubbornly high. But the pain households are feeling today is only going to get worse."The path forward looks bleak," Tiago Figueiredo, a macro strategy associate with Desjardins, said in a...

Real estate observers see rocky road ahead

As economic signs point to further strife, falling consumer confidence dampens prospects for a real estate rebound in Canada. Economist Rishi Sondhi downgraded his projections for Canadian home sales at Toronto-Dominion Bank while raising his forecast for the Bank of Canada's benchmark interest rate. According to Mr. Sondhi, the central...