Sponsored Links

Europe may already be in recession, says Canada

OTTAWA | Tue Nov 1, 2011 4:27pm EDT

OTTAWA Nov 1 (Reuters) - Europe may already be in a recession, or at least on the verge of entering one, Canadian Finance Minister Jim Flaherty said on Tuesday.

Flaherty spoke to a parliamentary committee a few hours after the Bank of Canada repeated predictions Europe would enter a short recession.

"Europe is going through a very difficult time. It may well be in - or entering into - recession," Flaherty said.
Currencies
Bonds News
Bonds
Markets
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.