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Confidence takes a beating
Stock markets stayed in positive territory Wednesday, but with bad news still piled up from the U.S. to Europe, pessimism won the day in some corners.
TD Economics downgraded its forecast for global growth in a new report, issued Wednesday. Its economists also warned that Canada could slip into recession if the U.S. continues to weaken.
Consumer confidence fell to its lowest level in two years, a decline that could have serious implications for spending and retail sales.
The downbeat mood spread even to Ontario Truckers, an industry that typically feels the first rumblings of a downturn in the economy.
Read the full article here.
Stock markets stayed in positive territory Wednesday, but with bad news still piled up from the U.S. to Europe, pessimism won the day in some corners.
TD Economics downgraded its forecast for global growth in a new report, issued Wednesday. Its economists also warned that Canada could slip into recession if the U.S. continues to weaken.
Consumer confidence fell to its lowest level in two years, a decline that could have serious implications for spending and retail sales.
The downbeat mood spread even to Ontario Truckers, an industry that typically feels the first rumblings of a downturn in the economy.
Read the full article here.