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Commodities add to economic woes

Posted on 15 January 2009

From Financialpost.com: The Conference Board of Canada forecasts the Canadian economy contracted an annualized 3.6% in the fourth quarter of 2008 and will contract 2% in the first quarter of 2009 and another 0.4% annualized in the second quarter as the U.S. recession slams trade. Overall, the economy will contract by 0.5% in 2009 after 0.6% growth in 2008.

“Export volumes have been on a downward trend since the second half of 2007,” the Conference board in its winter outlook. …. Full Article: Source


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VRS - who has written 36088 posts on Opalesque Commodities Briefing.


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