Anonymous
Anonymous asked in Social ScienceEconomics · 1 decade ago

Canadian financial experts have agreed that the economy will be weak this year, and predict that the Bank of C

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Canadian financial experts have agreed that the economy will be weak this year, and predict that the Bank of Canada will cut the lending rate. But all agreed that Canada will be able to avoid which situation?

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  • 1 decade ago
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    I appreciate your thinking. The fact is US has 9 trillion dollars of foreign debt. So US dollar is falling. Along with US Canada is also going down for recession, as Canada is depending for its 87% of exports to US. Not only canada whole world is entering in recession driven by US. As per experts China, Japan, Mexico, Canada and Germany will hit the recession more than the other countries of the world. Economy of these countries depends on exports to US. I hope Canada also go down with US up to certain extenct and then stops, as US still going down.

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