Canada will not slump despite slight slowdown

Central Banking staff
25 Jan 2008

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Though the likelihood of a recession in the United States has increased greatly, the Canadian economy will continue to grow, said David Dodge, the outgoing governor of the Bank of Canada.

"Despite tighter credit conditions, domestic demand in Canada is expected to remain strong, supported by continued income growth associated with the increase in commodity prices seen since October," said Dodge in his last scheduled press conference to mark the release of the latest edition of the monetary

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