Economists forecast weak fourth quarter
Confidence is down across the country, with the biggest drop in Atlantic Canada
Deepest slowdowns found in Brazil, France, Germany, India, Italy, the UK and the Euro area as a whole
Trade surplus with U.S. narrows
The decline was much deeper than economists had expected
Confidence is still lower than normal due to fears that economic weakness in Europe may spread, says CFIB economist
Economy’s strong growth in third quarter unlikely to be sustained
Major bank failures in Europe could spark a similar credit crisis that followed the Lehman Brother’s collapse in the fall of 2008
Slower growth in energy prices
Bye bye, buying power: Canadian paycheques losing ground to cost of living