EconomicsCanada: Housing: Slow growth
Canada, the world's tenth largest national economy, has slid into the "no-growth" category. In the thinking of most economists, entrepeneurs, and business leaders regards growth as the criterion of success in economic relations. Retired prof Dr Bob Goudzwaard, the outstanding reformational economist over recent decades, has long argued to disestablish "growth" as the preceived norm for any business (?) and certainly any national economy. A market situation where the goal of growth has been abandoned comes in conflict the orthodox economic mainstream, of course; but market, growth, and the economists geared to such considerations call the Goudzwaard approach into question, as we see from the inevitable joblessness that arises from no-growth.
The Canadian leading index of 10 economic components has averaged 0.9% growth per month over the past 12 months. Growth rarely exceeds 1%.The mid-summer slowdown in house building and house sales is said to be at least a warning sign in regard to the presumed health of the Canadian economy's maintenance and development.The slowdown was caused largely by a 4.1% drop in the housing index, which is composed of new housing starts and house sales.
