Investizmo » sucks http://www.investizmo.com Tue, 01 Jun 2010 13:00:40 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Canada Loses To USA in Today’s Growth Battle – Posts Negative GDP http://www.investizmo.com/2008/04/30/canada-loses-to-usa-on-todays-growth-battle-posts-negative-gdp/ http://www.investizmo.com/2008/04/30/canada-loses-to-usa-on-todays-growth-battle-posts-negative-gdp/#comments Wed, 30 Apr 2008 20:33:41 +0000 iGuru http://www.investizmo.com/index.php/?p=55 So much for that decoupling theory where Canada would not be affected as much as its American neighbors during this economic downturn. Canada posted a 0.2% negative growth GDP statistic for the month of February. Today, the US announced a small positive gain in GDP for their first quarter. Looks like the old adage that when the US economy sneezes, Canada catches a cold is true this time around.

All is not lost. This data reflects the state of the economy a couple of months ago, and the Bank of Canada has made a couple of big cuts since then. We’ll be keeping a close eye on Canada’s GDP to see if the trend continues, or if February was just a blip.

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