Harper disagrees with pessimistic report on Canadian housing market.

Prime Minister Stephen Harper disagrees with a report issued By Merrill Lynch Canada.

Harper disagrees with pessimistic report on Canadian housing market.

“The report, issued Wednesday by Merrill Lynch Canada economists David Wolf and Carolyn Kwan, said many Canadian households are more financially overextended than their counterparts in the U.S. or Britain.”

“They said it’s only a matter of time before the “tipping point” is reached and the housing and credit markets crack in Canada.”

  1. This is very interesting, I guess the failure of the American markets today (with the Canadian Financial markets in tow) may change his opinion on the markets in general – credit markets, housing markets, and financial markets seem to all go hand in hand. What do you think?

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