Current Trends in the economy many sectors improving

RBC is reporting the economy and current trends are that sales are up in many sectors

Current trends…

Economy stumbles for second month in a row

p GDP output slid by 0.1% in August, defying expectations for a move into the plus column. Slumping manufacturing, wholesale trade and oil and gas activity weighed down output in the month.

p The economy pared back the number of employed by 43,200 in October — the first decline in employment in three months. However, because of job gains in August and September, there was a net gain of 14,500 positions during the three-month period.

p Retail sales recorded a second monthly increase of 1% in September; sales were up an even stronger 1.2% on a volumes basis following a 0.5% rise in volumes in August. This augurs well for a positive GDP report for September.

p Housing starts rose 5.4% in October to an annualized level of 157,300 . The rise re-established the upward trend that had prevailed through August, with starts steadily rising from a cyclical trough in April of 118,500.

p The merchandise trade deficit was cut in half in September to C$0.9 billion from C$2 billion in August. The improvement was almost solely the result of a 3.5% jump in exports; imports were relatively steady, dropping a marginal 0.1%.

p The headline inflation rate emerged from a four-month period of negative readings in October as the deflationary pressures coming from movements in the energy component of the CPI dissipated.

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS Newsletter
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
2 FAX 905-828-2829 ÈCELL 416-520-1577
› E-MAIL : mailto:mark@mississauga4sale.com?subject=Mississauga
Website : Mississauga4Sale.com

• Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?
• Power of Sales and Foreclosures
• If you have not already signed up to receive my monthly real estate newsletter, you may do so here: On-Line Real Estate Newsletter sign up
• See seasonal housing patterns
• Would you like me to send you a 2009 Calendar?