Sunday, September 26, 2010
`Fragile' Economic Recovery in Canada Remains `on Course,' Flaherty Says
The Canadian Finance Minister, Jim Flaherty, forecasts the economy of Canada to experience moderate growth to finish out the year. He sees the current economic environment as a "fragile" one, but Canada's C$47 billion stimulus package has been highly beneficial to the economy. Also, Flaherty mentions that the challenges and problems in the U.S. economy have a direct impact on the Canadian economy. Canada is the United States' #1 trading partner, measured by the sum of exports and imports. If national income in the U.S. decreases and has a negative impact on consumption, the export businesses in Canada will face challenges due to a lower demand for their product.
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2 comments:
It is interesting to see how our economy and spending directly impacts Canada's economy. I wondering if people in the US have moved or considered working in Canada boosting their economy. Also i wonder how the price of oil affects how much we import and export with them because of costs.
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