Quote:
Originally Posted by Cowboy89
I'm with you there too. I think everyone is coming to grips with the fact that due to the housing contraction in the US that consumer spending is going to take a long while to recover. The recent bear market is most likely a rebalancing of expectations towards slow growth over a prolonged period and not necessarily contraction.
That all said with GDP growth lingering below 2% in the US economy which still has a lot of unutilized productive capacity it still doesn't indicate much promise for employment and any major bad news event could send the economy back into recession.
|
How susceptible do you think Canada would be if the Americans did in fact slip back into a recession? Obviously our economies are strongly related, but I get the feeling from what I've read and researched that Canada is in a reasonable position to keep out of a double dip.