Canadian Economic Outlook Gloomier: IMF - Guess Why Harper Wants An Election?
The international agency chopped Canada's 2008 economic growth target to 1.8 per cent, down from an October forecast of 2.3 per cent and last year's estimated pace of 2.5 per cent. A growth rate of 1.8 per cent would be the slowest pace since 2001, when the U.S. economy fell into a recession.
The Canadian economy has been on a roll in recent years, growing 2.8 per cent in 2006 and a stellar 3.1 per cent in 2004 amid a boom in commodity prices, low unemployment and strong domestic demand.
That strength, however, is expected to wane this year."
Globe & Mail