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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Elroy Jetson who wrote (113023)	7/12/2010 4:10:24 PM
From: riversides	1 Recommendation Read Replies (1) of 116555

Canada's economy can teach the U.S. a thing or two latimes.com By Don Lee, Los Angeles Times July 11, 2010 \| 8:26 p.m. The United States will probably take years to recover from the global recession and credit crunch, economists say, but its northern neighbor is back in fine shape. * 1 * 2 * next While the United States, Japan and much of Europe are struggling with massive fiscal deficits, Canada's financial house is tidy and secure. Most economists say it will take years for the United States to make up the 8 million-plus jobs lost during the recession, but Canada — despite its historic role as a major supplier for the still-troubled U.S. auto industry — already has recovered essentially all of the jobs it lost. Meanwhile, as Americans continue their grueling battle over immigration, Canadians have united behind a policy that emphasizes opening the door to tens of thousands of skilled professionals, entrepreneurs and other productive workers who have played an important role in strengthening the Canadian economy.

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