• Most Popular
  • Most Shared

Canada's Harper sees slow growth, but no recession

Mon Sep 15, 2008 10:52am EDT

OTTAWA, Sept 15 (Reuters) - Canadian Prime Minister Stephen Harper said on Monday he expects continued slow economic growth, but played down the possibility of a North American recession.

Bonds

"While it has slowed down considerably, and while there remains this considerable instability, the American economy has not crashed, has not itself entered into recession," he told reporters in Ottawa.

"My own belief is if we were going to have some sort of big crash or recession, we probably would have had it by now." (Reporting by David Ljunggren, writing by Cameron French; Editing by Peter Galloway)



More from Reuters

Photo

U.S. health bill passes crucial Senate test

WASHINGTON (Reuters) - A broad healthcare overhaul passed its first crucial test in the U.S. Senate on Monday, with 60 Democrats voting to put President Barack Obama's top legislative priority on a path to passage by Christmas. | Video

A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

Two men shake hands in a file photo.    REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article