Ever since I can remember I've heard the comment that there is "no difference" between Canadians and Americans. I respectfully beg to differ as there is a difference on so many levels! We have unique Canadian culture consisting of Canadianisms, a Canadian perspective on world events, Canadian cuisine as well as products and foods only available in Canada. This blog is dedicated to celebrating all things Canadian from "my perspective" as a Canadian. Please enjoy your visit and be sure to visit often.

Garden Gnome
Americans should never underestimate the constant pressure on Canada which the mere presence of the United States has produced. We're different people from you and we're different people because of you. Living next to you is in some ways like sleeping with an elephant. No matter how friendly and even-tempered is the beast, if I can call it that, one is effected by every twitch and grunt. It should not therefore be expected that this kind of nation, this Canada, should project itself as a mirror image of the United States.
- Pierre Trudeau

Thursday, April 15, 2010

Canada Escaped the Worst of the Recession

According to a study released by Statistics Canada on April 15, 2010, Canada faired better than other countries through the recent global recession.  Despite most of the industrialized world referring to the recession as the Great Recession, Canadians were not as hard hit.  Canadian exports were hard hit but consumer spending, home buying and employment held up better than in past downturns.  Canada suffered a 3.3 per cent drop in GDP over three quarters between fall 2008 and summer 2009 while the US saw a six percent drop in GDP.  In addition to this Canada was not affected by the financial crisis or the drop of mortgage-backed securities despite tightening lending to businesses and households.  So all in all Canada weathered the recession well but from this Canadian's perspective, I beg to differ which will be tomorrow's topic.


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