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' WAT‘riiiJoo Gimme k‘wéanésrla‘y'Auguu kt. zitio‘- is D 0 We provide auto repair an!“ i. t I rag on economic recovery temporary mum...“ mm... m l’he global economic recovery is agreement that broadly-based tions to help Canadian exporters ' ' m" M I!!! MM M “fink“, â€" .. slowing, but all indications are the softening in the second half of this and investors expand their inter- S'NCE ‘978 softening is temporary. according year is inevitable. national business ' w o to Export Development Canada's The forecast does not expect EDC's knowledge and partner ~â€" Summer 2010 Global Export fore- Canada to buck the trend, with it ships are used by more than 8,400 All! Rm" Ltd cast. combination of international and Canadian companies and their ' “Hopes were high that the domestic factors suggesting slower global customers in up to 200 mar- Call to book your lppolnlmtm 159 EN St w worldwide outpouring of fiscal and second-half performance, kets worldwide each year. E2 RUTOPRO 519_885_1 81 0 (u Rosita). monetary stimulus would bridge “The bottom line is that growth the economy to a sustainable is softening. and initially, markets ’ recovery." said EDC chief econo» aren't taking the news well.” Hall fl mist Peter Hall. “But the impact of said. “But there are good reasons 7 the stimulus is waning, and certain for the slowing. and good reasons L A t B O Y key sectors of the economy have to believe it will betemporary. yet to see a rebound. “Simply put, today's weakness is . “This suggests that the recovery working down yesterday‘s excess- . in the world economy's true core es, and setting us up fora return to has yet to occur. What we are now growth tomorrow." . entering is a mid-rebound soften- Dimmer global growth / \ , y y t i /‘ . . t ,_ I 7 r \ ing that should be temporary, but prospects are expected to lower ,/ \ l. l . l. i U l ; l t ‘i t, 7 , / it will test our collective nerves for commodity prices further in the afewmonths.” second half of the year, weighing ‘ Hall‘s summer forecast points the loonie down to the U.S. $0.92 0 it out the key risks to the budding level. 0 5“, \ global economic rebound that he The weaker currency will give first identified in EDC's spring Canadian exporters some relief. ER; CELEBRAXWW) \“ /0 ‘G 0 - forecast have begun to materialize but softening demand conditions » \N “ \NGS OF in what he calls “the critical zone”. at home and abroad will restrain WW“ SA“ EDC‘s summer 20l0 forecast growth for the remainder of this calls for world growth to reach four year. ' per cent this year, noting that the Canada is forecast to see growth ___ _ pace is welcome relief from the 0.6 reach three per cent this year ; . . per cent contmctiononOOS. before easing to 2.5 per cent in ’ , - «on. :-~ .. v v. ' l ' However. the forecast contends 2011. Canadian export growth will . ”u-,$75‘. “2 we“ 31. “I 1 v ’ ~ that the improved numbers are followthis pattern, slowing from 11 s”. .?“'£55 9.57. f“ . ' “i" ' . _ ' largely due to aggressive growth per cent this year to six per cent in ' y ' 137}, "1.“ " J y ‘ . a ‘ ' that is now behind us and still rela~ 2011. “ ‘ , ’;‘ _ ‘ ’_ ' " m as tively weak when compared with “Will we keep our nerve over ' 771 ‘ , 5 < ‘.l ‘ ~ ‘ past recovery periods. the slow months?” Hall said. “As 5 ' ’, ' f The softeningin the second half long as there are no shocks, we \ , “fl“. ‘ of2010 is also expected to show up should be alright, but given the ‘ ”f“. g in next year's numbers, keeping experience of the past few weeks, ._ a MVP“, (25? growth for 2011 at 4.1 per cent. that is far from guaranteed. , ...ur9m6flm"mi"fi “ " . , “a“ “The pressure is rising," Hall “Weaker sovereign states may " if said. “Slower growth is etched all cause ripples as they go to market over current data. dampening the to roll over large blocks of matur- bullish mood that dominated the ing debt. Sub-par growth in key ‘ airwaves in the first quarter. emerging markets would likely rat- “0 mm son “Markets are in yet another tur- tie markets ‘ ' bulent phase as we move into the “Negative news from financial B“\( , post-stimulus phase of the institutions could also be disrup- rebound. perhaps the trickiest tive.” m period in the past two years” BBC is Canada's export credit on!!!“ “m EDC's forecast notes a growing agency, offering commercial solu- k, 1.5 Q gay; 5”, M NO HST on all regular-priced lamps. mirrors. artwork and area rugs! _. a. fiéfi «éfiwfiv “a“; , . ~~‘ ~ ~ 5&3??? “(W ' 1-3» f“ . z. “i 4»; J! . f i, {a fig, gamwysfi - _ at. mm necuuea Von mp RALEIGH account 1453" -v:‘¢*‘f-§$*=, . Ji- -7“:'-Ԥ>‘:~.N; . reuse-e ;_ 5, “a 14 ‘ '_ _ y . 5». iv 3“ "7 b L ‘ ‘ at. . a r .. .,. ~,_ "g _ as»; ._~:§?*flafi:flfé@ni “as? t, . fi'l‘“ By have it) we ~~ r if f 371 is"; Eli‘f’fflv‘di x"? " fir”; {i fixfficsfkfihysfiw ‘t‘fi l" ‘ ‘ t ‘L w m.» . ‘ g ' ‘g _ . 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