| From Businessedge.ca: Dampened U.S. resource demands are making bad situation worse. Canadians have long ceased being primarily hewers of wood and drawers of water, but there is growing appreciation among economists that resources remain the driving force behind both the current economic slump and prospects for a recovery.
TD Bank's Don Drummond, one of the country's leading private-sector economists, says he has little doubt that Canada is undergoing a commodity-price recession..... Full Article: Source
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