Word: globalization
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Dates: during 2000-2009
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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 rearview mirror...
...country's business leaders expect their sales volume to increase at a greater rate over the next 12 months, compared with the previous year. That's the best reading since the country's central bank began compiling these quarterly statistics more than a decade ago. (See pictures of the global financial crisis...
...this favorable outlook for Canada is predicated on a loonie that pulls back about 10% to 89 cents. That's a risky bet in a marketplace where institutional investors are dumping U.S. dollars - which were seen as a safe haven during the darkest hours of the global recession - and moving into more attractive investment opportunities as financial markets rebound...
...restructuring and a downward spiral in consumer spending. But it's unclear how long that can sustain a recovery north of the 49th parallel. "If the Canadian dollar stays where it is, the job numbers will go the other way [i.e., worsen]," says Jean-Michel Laurin, vice president of global business policy for Canadian Manufacturers & Exporters (CME), the country's largest trade and industry association...
...much of 2007 and 2008, Spears was an unhinged superstar unraveling daily in front of a captivated global audience and voracious media scrum. There were hours of aimless driving, underwear-free outings with Paris Hilton, a bizarre romance with a paparazzo, an involuntary psychiatric hold. But after more than a year of belching putrid black smoke, the Britney machine is humming along quite nicely, thank you, and these days it's about the music, not the antics. Did she really shave her head or was that just a bad dream? (See Britney Spears in the top 10 celebrity Twitter feeds...