After a long period of outperforming its neighbor to the south, Canada's economy is bracing for...

|By:, SA News Editor

After a long period of outperforming its neighbor to the south, Canada's economy is bracing for a slowdown, largely thanks to a housing market downturn that could develop into a fully-fledged crash. Moreover, with interest rates already at 1%, the BoC might not have much room to maneuver. Economists polled by Reuters expect the Canadian economy to grow 2.1% in 2012. (earlier)