The property-casualty sector for Canada, while stable, continues to suffer through a soft market, as prices and profits continue to fall, according to A.M. Best.

Strong capitalization and profitability have provided "the ingredients for continued softening in the market," Best said in a recent special report.

According to the report, 2007 net income for Canada's p-c sector was about C$4.6 billion (U.S. $4.3 billion), down 3.5 percent from 2006.

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