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Monday, April 15, 2013

Canada's Economic "Miracle" In Trouble?

CNBC is reporting a story regarding Canada's economic "miracle."
But recent growth has consistently fallen short of expectations and a very rough patch late last year turned disappointment into dread. Economists had been betting on a quicker U.S. recovery to boost Canadian exports, as well as a pickup in business spending.
There was no mention of the challenges the Canadian energy sector is having. I would assume that with a deteriorating energy sector, it would limit the government's options.

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