Das economic slowdown in Canada hat — at least so far — been weniger schweren than the crushing financial troubles that have weakened the U.S. Wirtschaft.

Allerdings, Canada’s economy is tightly linked to that of its south-of-the-border neighbor, as today’s Globe and Mail Berichte:

Das success of the new U.S. stimulus package in stabilizing financial markets is crucial for Canada’s economic recovery, Bank of Canada Gouverneur Mark Carney sagt.

In comments to the House of Commons Finance Committee on Tuesday, Herr. Carney defended his controversial projections for 3.8-Prozent Wachstum in Canada’s economy next year. But he warned that the financial-markets aid package being introduced by Washington to mobilize more than $1-trillion (US) needs to work in order for the Canadian projections to materialize.

The good news is:

(Herr. Carney) sagte Kanada hat viele Dinge zu bieten, allowing a quicker recovery hier. Herr. Carney pointed to Canada’s hefty interest rate cuts, der well-functioning banking system, der depreciation of the loonie, fiscal stimulus, a recovery in emerging markets that lifts commodity prices, und solid balance sheets among Canadian households and businesses.

Foto © Alan Albert