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Worst effects of fading commodities yet to come

Posted on 14 November 2008

From Reportonbusiness.com: The record plunge in commodity prices over the past four months has already flayed Canada’s dollar and equity markets, and now the “hammer” is about to fall on the so far largely unscathed “real” economy, BMO Nesbitt Burns Inc. warned Thursday.

“We have been calling for a Canadian recession since early October and would note that many Canadian results are still being flattered by the vapours of the first-half rocket ride in resource prices,” Douglas Porter, the firm’s deputy chief economist, said in a weekly commentary for clients…… Full Article: Source


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