Better Building by Canadian Funding Corporation.

The 20% drop attributed to decline in multiple starts,
especially in Toronto’s condominium segment.
The Canadian construction industry may have been the engine of economic growth for much of this decade, but recent figures show that it hasn’t been firing on all cylinders. Canadian housing starts cratered by a much-greater-than-expected 19.9 per cent to 117,400 annualized units [...]

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Prime Minister Stephen Harper is among many Canadians these days who are boasting about the strength of the country’s banking system.
During the credit crisis, no Canadian banks failed, and none required government capital infusions. And last week when Canada’s major banks issued their quarterly statements, all but one were profitable. Even that exception, a second-quarter [...]

Tags: America, Bank, Banking, Brenda Lum, Business, Canada, capital, Catherine S. Swift, competition, government, home, I.M.F, Julie Dickson, Mark Carney, market, Moishe Alexander, Mr. Harper, Ms. Dickson, Ms. Lum, Ms. Swift, percent, Prime Minister Stephen Harper, system, Toronto, United States, Wells