Canada needs to weaken The Loonie

I would say if your currency was 10 percent weaker, that would help manufacturing. It might not be conventional wisdom, but at the margin, I would say, keeping your currency weaker right now, it's important.



 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Canada Housing Market is due for a Correction but not a Crash

Canada’s housing market is due for a correction that will hamper economic growth as consumers pare back spending to repair their balance sheets, Roubini said, adding he doesn’t think the country will see a home-prices crash. - in Bloomberg


Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Canadian Economy sluggish Growth Rate

Nouriel Roubini :" I am in Toronto today for business meetings. Canadian economy to grow at at sluggish 1.7% rate this year and even lower next year " - in twitter

Roubini : Even Canada to Be Hurt by Europe Crisis

Nouriel Roubini : “Even Canada, which has had much better financial fundamentals, cannot fully decouple from Europe and the U.S.,”
“Canadian economic growth will be below potential because of economic headwinds from Europe and America.”
said Roubini, in a speech in Toronto yesterday. - via bloomberg

Nassim Taleb, bullish on Canada

Taleb, a native of Lebanon who gave his speech in French to an audience of Quebec business people, said Canada’s fiscal situation makes the country a safer investment than its southern neighbor.

Canada has the lowest ratio of net debt to gross domestic product among the Group of Seven industrialized countries and will keep that distinction until at least 2014, the country’s finance department said in March. Canada’s ratio, 24 percent in 2007, will rise to about 30 percent by 2014. The U.S. ratio, now above 40 percent, will top 80 percent in four years, the department said, citing IMF data.

“I am bullish on Canada,” he told the audience. “I prefer Canada to the U.S. or even Europe.”

via businessweek.com>>>>

Roubini Canada avoided The financial Crisis , but recovery lags

Nouriel Roubini, the professor at the Stern Business School at New York University and chairman of Roubini Global Economics (RGE), wrote about Canadian economic recovery in his weekly column for Forbes :
"Canada's financial strength and timely monetary easing resulted in a milder recession (the net output loss was lower than in the previous postwar recessions), but its recovery has been sluggish. Like much of the global economy, Canada exited recession in mid-2009 and has good momentum going into 2010. But the recovery could continue to be slow with below-potential growth as the external sector drags and the stimulus wanes. Moreover, Canada's twin surpluses (fiscal and current account) have shifted to a deficit. Given our concerns about the strength of the U.S. and G3 recovery, Canada's private investment may also be slow to recover."