Ang economic slowdown in Canada ay — at least so far — been mas mababa malubhang than the crushing financial troubles that have weakened the U.S. ekonomya.

Gayunman, Canada’s economy is tightly linked to that of its south-of-the-border neighbor, as today’s Globe at Mail ulat:

Ang success of the new U.S. stimulus package in stabilizing financial markets is crucial for Canada’s economic recovery, Bank ng Canada Gobernador Mark Carney sabi.

In comments to the House of Commons Finance Committee on Tuesday, Mr. Carney defended his controversial projections for 3.8-per-sentimo paglago in Canada’s economy next year. But he warned that the financial-markets aid package being introduced by Washington to mobilize more than $1-trillion (Estados Unidos) needs to work in order for the Canadian projections to materialize.

The good news is:

(Mr. Carney) nabanggit Canada ay maraming mga bagay ng pagpunta para dito, allowing a quicker recovery dito. Mr. Carney pointed to Canada’s hefty interest rate cuts, ang well-functioning banking system, ang depreciation of the loonie, fiscal stimulus, a recovery in emerging markets that lifts commodity prices, at solid balance sheets among Canadian households and businesses.

Larawan © Alan Albert