By Norm Arychuk, Debt Capital Markets Toronto
We were going along reasonably nicely – relatively speaking, here in Canada, in spite of European banking issues, in spite of U.S. jobless numbers and in spite of a lack of growth in our economy. Then, as we went barreling down the road, it became apparent that we could not see the light at the tunnel’s end. As a result, we have our foot on the brake, ready to stop to avoid a crash. We are in many respects, starting to feel the world economy hitting repeated speed bumps. Will we be able to speed up again soon?