Canada has weathered the downturn well: BoC’s Duguay
The recession had been less severe in Canada than elsewhere in the world, Pierre Duguay, a deputy governor of the country's central bank, said in a speech on Monday.
Duguay pointed out that while real output dropped by slightly more than three percentage points between the final quarter of 2007 and the trough of the recession, the corresponding figures for the US, euro area, UK, Japan and Mexico were all significantly higher.
The ongoing rebound in was almost as steeply inclined as the earlier
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