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Canadian economy to expand heading into 2011

NEWS HIGHLIGHT

Canadian economy to expand heading into 2011
As we approach the end of 2010, there are definite
signs that both Canada’s physical and economic climates are cooling.

Oct. 15, 2010 – As we approach the end of 2010, there are definite signs that both Canada’s physical and economic climates are cooling.

Following two unsustainably strong quarters, economic growth in Canada slowed to 2% in the second quarter, its slowest quarterly increase since the third quarter of 2009.

Three factors contributed to this pull back in demand:

First, Canada’s trade situation deteriorated sharply due to a slowdown in exports to the U.S., coupled with a surge in imports largely driven by stronger investment in machinery and equipment.| READ MORE