Canada's recession has been deep and painful, but the worst may be over. Because Canada lagged other countries falling into the economic slump, it averted the earlier pain and did not begin the slide in earnest until last fall, which worsened through the winter. Yesterday, Statistics Canada put a number on the suffering, saying the economy contracted at an annualized rate of 5.4 per cent, the worst showing since the heart of the recession of the early 1990s. But the federal agency noted that th ...
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at Tue, 02 Jun 2009 09:59:34 -0600