Canada’s Economy Doing Well According to IMF

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On the world stage Canada’s economy isn’t doing that bad compared to other countries, according to IMF. IMF stated that Canada’s strong policy framework and quick response to the global recession has put Canada in a much better position to deal with the current financial crisis than most countries.

“The near-term economic outlook will be challenging in light of the sharp deterioration in the global environment and Canada’s strong international linkages,” the International Monetary Fund said in its annual review of Canada’s economy.

IMF asked Canada to continue to be on guard and ready to act in a moment’s notice to current events.

Something that I found a tad shocking was the fact that IMF stated Canada could further its economic cooperation and participation in an international stimulus effort. Maybe IMF is promoting their own agenda?

In my personal view Canada could potentially make a profit from this recession. We can reconnect with our old ‘motherland’ that is facing serious debt and economic issues. Britain is looking at double digit unemployment and potentially losing their AAA credit rating. We could potentially become Britain’s ‘bank’, the profit we get from this could help fuel the growth we will see after the recession. If this situation were to arise it would be the second time in Canada’s history we financially helped Britain, in a substantial way (last time was in WWII).

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