mrfriend27
06-16-2008, 10:34 PM
Finance Minister Jim Flaherty says although Canada's real gross domestic product edged down in the first quarter of 2008, he doesn't think the economy will slip into a recession.
Data released by Statistics Canada on Friday showed real GDP dropped 0.1 per cent in the first quarter -- the first decline in nearly five years.
"We are well positioned to weather this period of global economic uncertainly," Flaherty told reporters Friday.
"Canada's economic fundamentals are solid."
Source: http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20080530/gdp_drop_080530/20080530?hub=TopStories
Data released by Statistics Canada on Friday showed real GDP dropped 0.1 per cent in the first quarter -- the first decline in nearly five years.
"We are well positioned to weather this period of global economic uncertainly," Flaherty told reporters Friday.
"Canada's economic fundamentals are solid."
Source: http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20080530/gdp_drop_080530/20080530?hub=TopStories