From the Champion today . . .
In this time of economic uncertainty, good news will be defined as less bad news and growth won’t return to mid-1990s levels, but Canada is still the best place to be to ride out the recession, according to a Scotiabank vice-president.
Speaking at a recent Milton Chamber of Commerce breakfast, Scotiabank chief economist and senior VP Warren Jestin said the bank predicts Canada will suffer a 2.6 per cent contraction in real GDP this year, but will bounce back along with the U.
S. to 1.7 per cent growth in 2010.
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