Severe Winter Weather Hampering Canadian Economic Recovery
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Severe weather even by Canadian standards has cast a chill on the country’s economic rebound.
Canada’s real estate association reported today freezing temperatures kept prospective buyers at home last month, sending sales down 3.3 percent from December, which also saw a decline in transactions. Manufacturing sales unexpectedly dropped in December, with Krishen Rangasamy at National Bank Financial in Montreal saying weather probably contributed to the weak data.