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June 16, 2010

Fortune Favours the Bold

Remarks Mark Carney Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island
From the end of 2008 to the middle of last year, Canada experienced a short, sharp recession. With the exception of government spending, all major components of aggregate demand declined, and industrial production dropped 15 per cent. Canadian exporters suffered particularly, owing to the sharp fall in the components of U.S. economic activity that matter most for Canada.
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