Canada in Recession?

[DWCAP]

Interesting. I would have thought that they would be going crazy with all the oil money brought in. Canada is a huge resource exporter, odd that they are very close to meeting the actual definition of a recession.

http://www.signonsandiego.com/news/business/20080530-0640-canada-economy-gdp.html

“The economy here has not only ground to a halt, but is contracting. It’s weaker than the U.S. economy, which I think is probably a surprise to a lot of people.”
Surprised the hell outa me.

[Ex-SD]

I was surprised. I don’t have any contacts in Canada nor do I follow what’s going on up there. The last thing I read about their economy was that the Canadian dollar had achieved parity with the US dollar so I thought things must be doing well………………and much better than what we have been experiencing in the USA.

[Ex-SD]

I was surprised. I don’t have any contacts in Canada nor do I follow what’s going on up there. The last thing I read about their economy was that the Canadian dollar had achieved parity with the US dollar so I thought things must be doing well………………and much better than what we have been experiencing in the USA.

[Ex-SD]

I was surprised. I don’t have any contacts in Canada nor do I follow what’s going on up there. The last thing I read about their economy was that the Canadian dollar had achieved parity with the US dollar so I thought things must be doing well………………and much better than what we have been experiencing in the USA.

[Ex-SD]

I was surprised. I don’t have any contacts in Canada nor do I follow what’s going on up there. The last thing I read about their economy was that the Canadian dollar had achieved parity with the US dollar so I thought things must be doing well………………and much better than what we have been experiencing in the USA.

[Ex-SD]

I was surprised. I don’t have any contacts in Canada nor do I follow what’s going on up there. The last thing I read about their economy was that the Canadian dollar had achieved parity with the US dollar so I thought things must be doing well………………and much better than what we have been experiencing in the USA.

[LarryTheRenter]

I do not think they are in a recession…Different parts of Canada are more leveraged to natural resources than others, so regions may differ. The east is manufacturing based so their exports are hurt by their strong dollar..But the west has the natural resources, so they tend to do better….Their financials have had some hits with exposure to the US subprime problem.

bloomberg.com has good reports on the canadian economy…EWC is a great ETF by the way…Have owned it for years….

[LarryTheRenter]

I do not think they are in a recession…Different parts of Canada are more leveraged to natural resources than others, so regions may differ. The east is manufacturing based so their exports are hurt by their strong dollar..But the west has the natural resources, so they tend to do better….Their financials have had some hits with exposure to the US subprime problem.

bloomberg.com has good reports on the canadian economy…EWC is a great ETF by the way…Have owned it for years….

[LarryTheRenter]

I do not think they are in a recession…Different parts of Canada are more leveraged to natural resources than others, so regions may differ. The east is manufacturing based so their exports are hurt by their strong dollar..But the west has the natural resources, so they tend to do better….Their financials have had some hits with exposure to the US subprime problem.

bloomberg.com has good reports on the canadian economy…EWC is a great ETF by the way…Have owned it for years….

[LarryTheRenter]

I do not think they are in a recession…Different parts of Canada are more leveraged to natural resources than others, so regions may differ. The east is manufacturing based so their exports are hurt by their strong dollar..But the west has the natural resources, so they tend to do better….Their financials have had some hits with exposure to the US subprime problem.

bloomberg.com has good reports on the canadian economy…EWC is a great ETF by the way…Have owned it for years….

[LarryTheRenter]

I do not think they are in a recession…Different parts of Canada are more leveraged to natural resources than others, so regions may differ. The east is manufacturing based so their exports are hurt by their strong dollar..But the west has the natural resources, so they tend to do better….Their financials have had some hits with exposure to the US subprime problem.

bloomberg.com has good reports on the canadian economy…EWC is a great ETF by the way…Have owned it for years….

[cashflow]

It’s funny you brought this up, my husband has family up there. I guess his uncle just called to chat and said they are seeing gas as high as $8/gallon….again this is just heresay from them, but I was shocked by this…talk about sticker shock at the gas tank…think about the $4/gal. we are complaining about now and double that!!!!

[cashflow]

It’s funny you brought this up, my husband has family up there. I guess his uncle just called to chat and said they are seeing gas as high as $8/gallon….again this is just heresay from them, but I was shocked by this…talk about sticker shock at the gas tank…think about the $4/gal. we are complaining about now and double that!!!!

[cashflow]

It’s funny you brought this up, my husband has family up there. I guess his uncle just called to chat and said they are seeing gas as high as $8/gallon….again this is just heresay from them, but I was shocked by this…talk about sticker shock at the gas tank…think about the $4/gal. we are complaining about now and double that!!!!

[cashflow]

It’s funny you brought this up, my husband has family up there. I guess his uncle just called to chat and said they are seeing gas as high as $8/gallon….again this is just heresay from them, but I was shocked by this…talk about sticker shock at the gas tank…think about the $4/gal. we are complaining about now and double that!!!!

[Author]

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