Northern Exposure: Could Canada's Recovery Stall?

Misc CDN | 206737 hits | Oct 15 3:15 am | Posted by: tritium

After months of seesawing from good to bad news, Canada seems to have finally pulled away from the global recession and put its economic travails where they belong � in the rear-view mirror.

Comments

by leewgrant
Thu Oct 15, 2009 2:46 pm
A couple of months ago Mark Carney put two conditions on a decent Canadian recovery - an 87? Canadian dollar and a good recovery in the US. Neither of these things has happened. The loonie is almost at par with the greenback causing even more havoc in the manufacturing sector. And the US recovery is there but very weak - still credit problems, people are saving, not buying and manufacturing recovery is minuscule.

Already there are signs of cross-border shopping ramping up due to the loonie's appreciation - not a good sign just before Christmas.

view comments in forum

Page 1

You need to be a member of CKA and be logged into the site, to comment on news.

Share

All logos and trademarks in this site are property of their respective owner.
The comments are property of their posters, all the rest © 2025 by Canadaka.net