By Robert Presser on October 1, 2009
According to the latest statistical data, the Canadian recession ended
sometime over the summer and we will see slow growth in the third and
fourth quarters of 2009. While this is likely to be a jobless recovery
until sometime in 2010, Canadians believe that our conservative banking
culture coupled with greater financial market regulation spared us the
mortgage melt-down and destruction of consumer wealth that devastated
other first world economies. While that may be the case, it does not
mean that Canada is perfect on all major economic and government policy
issues. This article takes a look at some major issues facing western
economies and what international organizations like the World Bank have
to say about Canada’s success in managing them.
