Canadian Economy Roars with Better Then Expected News Just Before Labour Day Long Weekend

According to BNN (Business News Network), Canada's performance in the first six months of the year was the strongest since 2002 on a non-annualized basis and has made the country a growth leader among its industrialized peers.
The Real GDP rose 4.5% in the second quarter because of increased Household Spending (Vehicles, Clothing & Foot Wear...) and Exports, particularly Energy Products (Crude Oil and Natural Gas).

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Financial Post

Statistics Canada

Business Is Dropping Because Mortgages Are Now Harder to Get ...

According to "Financial Post" today, “Volumes decreased largely as a result of the new regulations,” said CMHC, referring to new income tests that have forced consumers with less than a 20 per cent down payment to qualify based on the Bank of Canada five-year posted rate, now 4.84 per cent, as opposed to the lower rate on their contract.

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New Mortgage Rules Are Shrinking the Size of the Insured Housing Market