Canada may yet be spared from the worst of a US recession

[CrONoS]

Here we go again:

http://www.statcan.ca/Daily/English/080930/d080930a.htm

Real gross domestic product increased 0.7% in July after advancing 0.1% in June and retreating 0.1% in May. The energy sector, which has been trending down during the last four quarters, accounted for almost half of the July increase. Manufacturing and wholesaling industries also contributed significantly to the advance.

[CrONoS]

Unemployment rate: (From 8th September; the graph above is from 28th september)

http://www.statcan.ca/Daily/English/080905/d080905a.htm

[CrONoS]

It's 1h30am, I need to wake at 7h30am tomorrow morning. I'm going to think about the raw data (GDP & Unemployment by industry) tomorrow!

[fed1943]

If Canada sells just raw materials to China and buys from it industrial
goods (is that right?) then perhaps Canada should be a Chinese
colony.

Best regards,

[Colonâ„¢]

Eh, Canada's 0.7% growth in the second quarter compared to a year ago is pretty weak on its own, and worse than the US (+2.2%), the Eurozone (+1.4%) and Britain (+1.4%). I'll grant Canada beat Italy though.