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Originally Posted by kermitology
I'm still wondering how it matters right now? Giving answers at this particular time with no idea of what kind of plan the United States is going to look at seems pretty dangerous.
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It's this thinking that makes Canada a second rate country on the global stage - ie. wait to see what the U.S. does. We don't always have to be their puppy and once in a while we need to take a proactive approach to our own destiny.
Canada is in an enviable position right now. Our economy and banking system hasn't been hit as hard as some other countries, but make no mistake, we are in a slow burn right now and as slow as a burn as it has been (relative to say Britain and the States), our economy will also probably recover more slowly when the recession is already over for Britain and the U.S. That is why action is needed sooner rather than later. There is no reason to wait for things to get worse, and in fact, it would be much more preferrable to nip it before hand.