When a modest recovery is still a recovery

There can be no doubting the fact that Canada is indeed in recovery mode. That’s the good news. But just how ‘good’ this recovery may be and how long it will last is still very much open for debate. Craig Alexander, Senior Vice President and Deputy Chief Economist at TD Bank Financial Group suggests that Canada is in ‘modest recovery’ mode, which means we’re finally seeing some positive economic growth but we’re still trying to make up the ground we lost during the recession.

“…the recovery will lift all boats. All sectors are going to post stronger growth in the coming year, but the thing I would stress again is that we have to be pragmatic and realistic about this. This is not going to be booming economic growth, this is going to be moderate growth. This is going to be moderate growth for small and medium-sized businesses. And it will be moderate growth for large-sized businesses.”

TD Bank Financial Group – What a Difference a Year Makes on Video.ca

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