Canadian Economy

Someone talked about “Plan B – Moving to Canada”. It’s a mixed bag:

  • Business lending tightens across Canada
  • September employment soars unexpectedly: Canadian employers create 107,000 new jobs, led by health care, blowing away consensus forecast of 8,000
  • Ottawa buying $25-billion in mortgage pools: The federal government’s move is designed to backstop Canadian banks’ capacity to lend money – an acknowledgment that not even the country’s strong system is immune to the global financial crisis