Canada's Dodge upbeat on economy in first speech

Nortel Networks Corp, long the darling of the Canadian equities market, may have been grounded but it is unlikely that one company will drag down the rest of the economy, Bank of Canada Governor David Dodge said on Feb 20.

Dodge said the woes of telecom equipment giant Nortel did not mean the world was "falling off a cliff" and market capitalization, battered by the company's surprise profit warning late on Feb 15, would recover soon. "There is a very rapid adjustment taking place in capital

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