Conference Board issues grim outlook
Canadian economy will shrink more than it previously thought, says the Ottawa-based think tank
CALGARY — The Conference Board of Canada laid out a grim outlook for employment in 2009 and 2010 on Monday, saying the Canadian economy “fell off a cliff” in the first three months of this year.
Pedro Antunes, the board's director of national and provincial forecasts, told a Calgary conference Monday that unemployment will steadily rise this year and peak at 9.5 per cent in the middle of 2010.
The Ottawa-based think tank estimates Canada's economy shrank by 7 per cent in the first quarter, Mr. Antunes told reporters.
Monday, April 06, 2009
More On The "Mild Recession"
The Conference Board Of Canada talks down the Canadian economy. Tsk, tsk:
Posted by Steve V at 3:52 PM