Given the worsening global economic outlook and its negative implications for the export sector, confidence among domestic households and businesses will be critical to Canada's overall economic performance in 2012 and 2013. While we are cautiously optimistic about business investment, far more worrying to us is the misplaced household confidence in over-valued housing and the high levels of household debt.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services