A economic slowdown in Canada tem — at least so far — been menos grave than the crushing financial troubles that have weakened the U.S. economia.

No entanto, Canada’s economy is tightly linked to that of its south-of-the-border neighbor, as today’s Globe and Mail relatórios:

A success of the new U.S. stimulus package in stabilizing financial markets is crucial for Canada’s economic recovery, Banco do Canadá Governador Mark Carney diz.

In comments to the House of Commons Finance Committee on Tuesday, Sr.. Carney defended his controversial projections for 3.8-por cento de crescimento 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 (EUA) needs to work in order for the Canadian projections to materialize.

The good news is:

(Sr.. Carney) dito Canadá tem muitas coisas a seu favor, allowing a quicker recovery aqui. Sr.. Carney pointed to Canada’s hefty interest rate cuts, o well-functioning banking system, o depreciation of the loonie, fiscal stimulus, a recovery in emerging markets that lifts commodity prices, e solid balance sheets among Canadian households and businesses.

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