As you know we have often mentioned that CSM (Citizen Main Street) has been powering the Canadian economy for the past few years, we have also mentioned that Canadian companies are sitting on mountains of cash. We have all been reading that the Canadian housing market is cooling.
What does any of this have to do with the "auto business"? Simple...cash flow will support continued auto sales, and hopefully the cash flow that was directed towards a vehicle will remain constant in 2013.
A thought provoking and perhaps sobering brief from the Bank of Canada...take a moment its worth the time.