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Wednesday, October 19, 2011

Canada Is In Good Economic Shape When Compared To The Rest Of The World

Scotiabank's Chief Economist Warren Jestin delivering some good news in this era of economic doom and gloom.

Speaking at a Board of Trade Luncheon, Jestin tells CHSJ News Canada is in a much better spot economically than our neighbours down south.

When compared to the U.S., he says we have record employment levels and our housing market is in pretty good shape. 
However, growth will be slow in New Brunswick and the rest of Canada because of the downturn in the U.S. 

Jestin also echoes statements made by the Bank of Canada Governor Mark Carney recently -- that we should be looking towards emerging markets in Asia and Latin America.