Canadian cities in rapid decline: CIBC
Archived Articles 17 Dec 2008  EWR
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Virginia Galt, Globe and Mail

Canadian cities are losing their economic momentum, and the slowdown is intensifying, the Canadian Imperial Bank of Commerce said [today].

Falling home sales, fewer housing starts, rising unemployment and an increase in personal bankruptcies have contributed to the decline, economist Benjamin Tal said in an economic snapshot of Canadian cities.

December 17, 2008
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