Robert Kavcic

This is probably something you're going to see right through 2016 where housing starts in (the Prairies) grind down a little bit further still, on the flip side, you're probably going to see stability, if not some more strength, in areas like Toronto and Vancouver.

That makes a lot of sense given we're seeing a pretty dramatic slowdown in housing demand in areas like Calgary.

Regionally, the Prairies were curiously strong in November, led b... by Robert Kavcic

Regionally, the Prairies were curiously strong in November, led by a hefty gain in Alberta.

The bigger picture suggests that domestic demand is still firm, spending plans are evolving positively and the housing market continues to post gains.

The second leg would be into other areas like the housing market, which we're starting to see weaken now, and service sectors that derive a lot of business from the energy sector.