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Monday, October 6, 2008

The best economic quote of the week

October 6, 2008

My favorite one-liner came from the meeting of the Economic Club of Toronto this morning.
Trying to do an economic forecast in this kind of turmoil is a bit like trying to put a value on your house when the kitchen is on fire.
- Douglas Porter of BMO Capital Markets

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Canada’s Economy to “Weaken”

October 6, 2008

They had an ‘emergency’ panel over at the Economic Club of Toronto this morning before Stats Can releases some reports that may freak people out. That’d be the building permit reports today, and the housing price index and labour force survey on Friday. The five pannelists were  Warren Jestin of Scotiabank, Don Drummond of TD [...]

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