Canada added1.8K jobs in October against expectations for a 5K increase, and a far cry from...

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bob adamson Comments (4496)
 
The Canadian economy has, on balance, performed significantly better than that of the US over the period since the 2008 global meltdown began (i.e the global market for Canadian exports remained strong throughout and the strong fiscal position of Canada's Federal Government allowed it to employ significant fiscal stimulus for an extended period with little risk to either Canada's balance of payments or international credit rating - a strong and stable Canadian banking sector didn't hurt either). It is not unreasonable, however, to now expect that Canada will lag somewhat over the next few quarters given that the markets for Canadian exports has softened, Canadian consumers have become highly leveraged and several key Provincial Governments have run up significant debt loads during the recession.

This is not, however, to suggest that Canada's domestic economy of future prospects are seriously impaired, only that Canada's stellar performance in the recent past will cool.
2 Nov 2012, 05:03 PM Reply Like