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A roundup on the credit crunch

December 6th, 2008 by gio | No Comments

A roundup on the credit crunch

I refuse to use the word “recession”, as I am in Canada at the moment! However, as one of the major importers (if not the major) of Canadian products and services is the USA – therefore, their recession is starting to affect the Canadian economy, even though Canadian banks fared pretty well during the hot times of the financial meltdown. While working on another post and doing my usual news reading, I encountered some interesting news, and takes, about the current global crisis.