Recent Study: Canada Infrastructure Report Q3 2013
We have marginally downgraded our near term outlook for Canada's construction industry, with 3.9% real growth now expected in 2013 (versus 4.1% last quarter) as a result of below trend Q1 2013 data. However, we are maintaining a relatively high rate of growth, as we believe the slowdown in the real estate market will be gradual and uneven, and that there are a substantial number of high-value infrastructure projects which should support the overall sector. Our biggest risk comes from...
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