More Caution from Toronto
David Rosenberg, he of Gluskin Sheff, checks in, a bitter wind from the North:
Never in recorded history has growth coming out of a string of declines been as weak as what we just witnessed. Considering all the government efforts to usher in a V-shaped recovery, what we saw unfold in the real economy in Q3 – admittedly quite divorced from the action in financial markets – was, in a word, sad.
