Canada Eyed to Lead G7 Nations in Recovery

[Jack]

-the OECD also predicted that Canada will lead the recovery among G7 nations in 2010; it forecasts that the Canadian economy will advance by 2.1% that year. -Although the report praised Canada`s relative strengths, including government fiscal positions and relatively sound banking and housing sectors, it said that as an exporting nation, the country cannot avoid being sideswiped by the global financial crisis and economic slowdown. It predicts Canadian unemployment will rise to 7% in 2009 and 7.5% in 2010, from the current 6.3%.

(Globe and Mail 081210)

 

[ZanderRobertson]

It`s nice to see that we`re already looking beyond the "economic meltdown"...while being more vigilant, prudent, and diligent of course.QUOTE (Jack @ Dec 10 2008, 12:44 PM) -the OECD also predicted that Canada will lead the recovery among G7 nations in 2010; it forecasts that the Canadian economy will advance by 2.1% that year.

-Although the report praised Canada`s relative strengths, including government fiscal positions and relatively sound banking and housing sectors, it said that as an exporting nation, the country cannot avoid being sideswiped by the global financial crisis and economic slowdown. It predicts Canadian unemployment will rise to 7% in 2009 and 7.5% in 2010, from the current 6.3%.

(Globe and Mail 081210)