Canada losing its 'wiggle room' if U.S. economy goes sour again

August 23, 2011

The following is excerpted from the 22 August 2011 edition of The Globe and Mail.

As worries about another U.S. recession mount, Canada’s economy is highly exposed to any downturn and is less equipped to fight a slump than it was three years ago.

Heavy government and consumer debt, along with reduced flexibility for stimulus spending and monetary policy mean Canada today has less resilience to a crumbling U.S. economy compared with the global financial crisis of 2008...

This article is available in its entirety on The Globe and Mail website at:

http://www.theglobeandmail.com/report-on-business/economy/canada-losing-its-wiggle-room-if-us-economy-goes-sour-again/article2137919/

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Topic(s): 
Canadian Economy & Politics
Information Source: 
Canadian News Channel
Document Type: 
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