Word: recessional
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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.
But 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...
Those who remain optimistic about Canada's economy point to a changed industrial landscape, with Canadian companies now more competitive. "The [recession] survivors are in pretty good shape," says Gerry Fedchun, president of the Automotive Parts Manufacturers' Association. "They've become more efficient, which means they can make money at...
Canada and the U.S. are each other's biggest economic partners, with annual two-way trade valued at more than $600 billion before the bite of the latest recession.
It looked like a success story, and then the recession came. Did we make mistakes? Of course we did. The property boom got too big, the banks borrowed too much. Our regulation system, and we all have to take responsibility for this, wasn't picking up everything...