Canada Sees Signs of Economic Recovery

[Gruffalo]

Canadian Finance Minister Jim Flaherty today said that he saw positive signs for the economic recovery in Canada. He heralded the recent revival in the real-estate market and the improvement in consumer confidence as positive signs.

However Flaherty was still cautious saying that he expected recovery to be slow and gradual.

In particular, Flaherty indicated he doesn't expect a great improvement in the jobless figures in the immediate future.

Flaherty said Canada remains in the most serious recession since the Second World War and improvements in job growth and unemployment tend to lag other aspects of a recovery.

TheStar.com | Canada | Flaherty encouraged by signs of economic revival

So in the last few days Germany, Singapore and Canada have all seen signs, albeit small signs, of recovery. Anyone got any ideas as to how far we are behind these countries?

[Ah Well]

Canadian Finance Minister Jim Flaherty today said that he saw positive signs for the economic recovery in Canada. He heralded the recent revival in the real-estate market and the improvement in consumer confidence as positive signs.

However Flaherty was still cautious saying that he expected recovery to be slow and gradual.


TheStar.com | Canada | Flaherty encouraged by signs of economic revival

So in the last few days Germany, Singapore and Canada have all seen signs, albeit small signs, of recovery. Anyone got any ideas as to how far we are behind these countries?

Well, even just using the unemployment thing, we've gone in 2 years from having the second lowest unemployment numbers in Europe to the second highest rate of unemployment - add that to all the rest of the mire we're presently "enjoying" and I'd say we're pretty far behind a hell of a lot of countries

[Middleaged]

Canadian Finance Minister Jim Flaherty today said that he saw positive signs for the economic recovery in Canada. He heralded the recent revival in the real-estate market and the improvement in consumer confidence as positive signs.

However Flaherty was still cautious saying that he expected recovery to be slow and gradual.


TheStar.com | Canada | Flaherty encouraged by signs of economic revival

So in the last few days Germany, Singapore and Canada have all seen signs, albeit small signs, of recovery. Anyone got any ideas as to how far we are behind these countries?

Lets give it 100 days... by Halloween we'll know one way or the other, sometimes shoots and snots can be mistaken given their colour...

[toughbutfair]

Well, even just using the unemployment thing, we've gone in 2 years from having the second lowest unemployment numbers in Europe to the second highest rate of unemployment - add that to all the rest of the mire we're presently "enjoying" and I'd say we're pretty far behind a hell of a lot of countries

my guess is 3 years behind germany

[SamVimesBoots]

*sigh*

"confidence" in the housing market as a "green shoot" of recovery?

Ridiculous stuff.

You have to wonder though, why exactly are the generation in charge in the US, Canada, Ireland, UK and Spain all so uniformly obsessed with property? There has to be something behind it. All the politicians in those countries seem to think economy==property market.

What was going on in their formative years in all those countries to create such monomania?

[wombat]

The Canadian housing market is quite different to here. There are no tax reliefs on property so people tend to wait until they need a house before they buy. The Alberta housing bubble in the 80's was caused by huge numbers of people moving to Edmonton & Calgary to work in the oil business, not to build houses for each other. Remember also that the recession in Canada has been much milder than elsewhere and their banks are dull, conservative and sound.