Friday, January 22, 2010

Weekend Open Thread

  • Retail sales in Canada down sharply in November. Ex-gasoline, sales fell 1 per cent in November. You won't find a glorified mention of this item in the mainstream media.
  • Why? Because they will be highlighting the other release from StatsCan- the fall in number of EI recipients. Which is a news to be welcomed, if it were not for the real possibility that those falling off the EI rolls are venturing into the territory of self employment or under employment.
  • Vacancy rates in the office and industrial sector in Alberta have soared. More so in Calgary than in Edmonton so far. But while passing through some of the industrial sections of North East Calgary, there was a glut of industrial space waiting to be leased. This reflects the level of pullback in the primary sector that has driven the prosperity of Alberta over the last decade or so.
  • What are your observations?
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