As we begin 2010, I was not surprised to find that a survey of editors at Canwest News Service picked the recession as the top business story of 2009. With the recession casting a long shadow of uncertainly, it was the single story that had the most impact from coast to coast.
According to experts, the recession is now over, but that doesn’t mean that the average Canadian will see a change in their financial situation in the coming year. Although, housing values are expected to continue to increase.
With similar cultures, it can be difficult to remember that the United States is a different country than Canada. The sub-prime mortgage meltdown in the United States showed the world the differences between our respective banking and lending practices. It’s good to know that it’s unlikely that Canada could find itself in a similar situation.
Wishing you prosperity and health for the next year!
