Thomas Davidoff, a professor at UBC’s Sauder School of Business, attributes Canada’s economic malaise to rising U.S. interest rates and slumping Chinese demand for Canadian resources.
“China has been an engine of growth, and (demand for) Canada’s materials, resources and energy products has been slowing down,” Davidoff told the Vancouver Sun. “When input demand goes down, that is bad for Canadian companies, and that has put downward pressure on stock prices here.”
