In a speech to the Canadian Club last week, Bank of Canada Governor Mark Carney called on businesses to invest in Canada now – an action he sees as the most likely to prevent our country from slipping into another recession.
Interestingly, attracting new investment is the primary focus of Canadian manufacturers and exporters right now, and we believe that businesses and governments must work together in order to achieve this end.
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September 2011 will mark the third year since the peak of the Great Recession. For these past three years, we’ve focussed on the negatives: the housing collapse, high energy prices, joblessness and the possibility of a double dip recession. For many countries, the worst has yet to come. Not so in Canada, where we now have a window to take advantage of opportunities. By far the biggest advantage that Canadians have is energy.
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