The value of loans to businesses in Canada has contracted by 7% since the onset of the financial crisis, the third fastest decline among the G8 according to UHY, the international accounting and consultancy network.
Canada has many trading partners globally, but the US is its most important trading partner. The trade between Canada and the US accounts for about 70 percent that of Canada, involving large amounts of capital moving in and out of the country
The Bank of Canada said the country's recovery from recession is becoming more entrenched, but Canadians shouldn't expect the economy to return to normal for some time. There are more job losses & foreclosures on homes. What do you see?