Bloomberg News

Economists Tell Flaherty Canada Recession Is Out of the Question

October 25, 2011

Oct. 25 (Bloomberg) -- Canadian Finance Minister Jim Flaherty said the private-sector economists he met with today project continued modest economic growth, and told him a recession is out of the question for now.

Speaking to reporters after the meeting in Ottawa, Flaherty said it would take a “dramatic shock” in Europe, such as a banking crisis with a credit crisis that followed, to push Canada back into recession.

To contact the reporter on this story: Theophilos Argitis in Ottawa at targitis@bloomberg.net

To contact the editor responsible for this story: Paul Badertscher at pbadertscher@bloomberg.net


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