Canada’s GDP shrank by 0.1% in January, dragged down by oil and real estate

As the data agency put it, “Home resale activity was down in most Canadian markets, as new mortgage lending rules, including stress-testing for uninsured mortgages, announced in October 2017 took effect in January 2018.” The Canadian dollar reacted to the news, losing a third of a cent to 77.35 …

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source http://consumer-mortgage.com/canadas-gdp-shrank-by-0-1-in-january-dragged-down-by-oil-and-real-estate/