RH, which caters to high income shoppers, says the housing market poses a challenging environment for the business.
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TORONTO — One Bay Street economist says it's unlikely the housing market will flare up, despite the Bank of Canada's decision to keep its key interest rate on hold on Wednesday. Robert Kavcic, senior economist with BMO Capital Markets, said softer job markets, new listings on the housing market and a restrictive mortgage market are all working against the housing market this fall.
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