Canadian Economy Likely To See Moderate Recovery in 2010

Canadian Economy Likely To See Moderate Recovery in 2010
Domestic demand seen growing slightly faster than GDP as more prudent mortgage lending practices help Canada avoid longer-term adverse effects that continue to plague the U.S.

Arlington, VA January 13, 2010 The Canadian economy withstood the global recession in 2009 better than most G7 nations, including the United States, and is poised to see marginal improvement in 2010, according to a new Manufacturers Alliance/MAPI report.

In the report, “Review of the Canadian Economy, 2009-2010,” Jeremy A. Leonard, MAPI economic consultant, writes that Canada was spared the worst of the 2008-2009 global recession due to its relatively sound banking sector and strong improvements in its terms of trade, the latter buoyed by robust demand for its natural resources.
(read the full article)