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Some encouraging news from the financial post

Financial Post
RBC’s Gord Nixon says housing market is solid despite slowdown in mortgage lending
Royal Bank CEO Gord Nixon says a slowdown in the Canadian real estate market is affecting mortgage lending, but the softness is not a crisis since he expects the country’s housing market will remain solid. The head of Canada’s largest bank told a RBC banking conference Tuesday that he expects the bank’s consumer lending growth will slow to mid single digits but it should see an increase in commercial loans.

Things are looking up.