OTTAWA (Reuters) - The International Monetary Fund believes the risks to the Canadian economy from the U.S. housing slowdown remain a threat to recent strong growth rates, according to a report on Tuesday.
"The strong recent performance of the Canadian economy is likely to continue, although growth risks are tilted to the downside given the possibility of a larger-than-expected U.S. slowdown," the IMF said in an annual assessment of the Canadian economy. Full Article.
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Every day the picture south of the border becomes clearer. More and more evidence that what the crazed bloggers were predicting a year ago is actually coming true. Fewer denials by fewer people as reality sinks in.
So ... we'll be in trouble here soon enough.
"Canada strength at risk from U.S. slowdown"
Who would've thunk?
But I thought the new paradigm was "When the US sneezes, Canada says Gesundheit".
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