It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
OTTAWA — Canada's economy was harder hit in the final few months of 2008 than most people realize, the Parliament's budget watchdog warns in a report that takes some of the gloss off the upbeat assessment Prime Minister Stephen Harper gave Canadians a day earlier.
GDI plunged sharply in the second half of 2008 in Canada – by a degree that far exceeds what happened in the United States. It dropped by 15.3 per cent in the fourth quarter over the previous three months. This drop was ten times larger than the 1.5 per cent decline observed in the United States, Mr. Page's office said in its report.
TORONTO (AP) — Prime Minister Stephen Harper predicts Canada will emerge from the global financial crisis faster than any other country but said there won't be a recovery until the U.S. financial system is repaired.