Word: informetrica
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Foreign investors, including Canadians, think the U.S. economy "is where the action is," says Michael McCracken, chairman of Informetrica, an economics think tank based in Ottawa. Ed Yardeni, chief economist and global-investment strategist of Deutsche Bank Securities, elaborates: "I go to Europe, Japan, have overseas investors coming to see me in my New York City office, and to a large extent they all want to be invested in technology. And it's very hard to find enough names of high-tech companies to invest in abroad. If you want to invest in technology, you've got to invest...
This time, says Michael McCracken, president of Informetrica, an Ottawa- based economic-research firm, "the Canadian voter took a leap of faith, opting for trade liberalization and to move against an inward-looking, anti- American approach to the economy." In effect Mulroney's victory amounted to an affirmation that Canada's identity and sovereignty are sturdy enough to survive a closer economic embrace with its best friend and neighbor...
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