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Canada's Economy Slows, But Is Well Equipped To Handle Challenges, Report Says Sep 11
Standard & Poors, Sep 2011
Abstract
TORONTO (Standard & Poor's) Sept. 15, 2011--Despite stalled growth in the second quarter of this year, Canada probably won't head back into recession, but likely will experience subpar GDP growth into 2012, according to a report published today by Standard & Poor's Ratings Services. The commentary, ' Canada's Recovery Grinds To A Halt, And Recessionary Risks Resurface,' notes that the quarter was the first since the recession ended in 2009 that Canada's economy shrank. Nevertheless, we don't think Canada will slide back into recession. 'The Great Recession of 2008-2009 that hit most advanced economies was shallower in Canada,' said Standard & Poor's fixed income analyst Robert Palombi. 'And the country recovered more quickly compared with what happened elsewhere, where sharper...
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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