| Abstract: | With financial markets around the world experiencing significant disruptions, and with confidence among consumers, businesses, and investors severely shaken, recent events are casting a long shadow over the outlook for the global economy. This comes at a time when Canadian GDP growth was already close to zero, so now even if things turn out well, the outlook for Canada's economy does not in our opinion look positive. In looking ahead, Standard&Poor's Ratings Services is considering at least two possible macroeconomic scenarios for Canada: whether Canadians will experience a deep recession, or something less disruptive such as a period of stagnant growth and a milder upset to employment, income, and spending. Canada's policy makers' response to the upheaval in
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| Brief Excerpt: | RESEARCH Ratings Definitions Economic Research: Canada's Response To The Credit Turmoil Publication date: 20-Nov-2008 Fixed Income: Robert Palombi, Director, Toronto (1) 416-507-2529; robert_palombi@standardandpoors.com With financial...
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| Report Type: | Commentary
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| Sector: | Asset-Backed Commercial Paper, Asset-Backed Securities, Collateralized Debt Obligations, Commercial MBS, Corporations, Financial Institutions, Global Issuers, Insurance, International Public Finance, Public Finance, Real Estate Companies, Residential MBS, Servicer Evaluations, Sovereigns, Structured Finance, Utilities
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