Canada faces near-recession if U.S. plunges over ‘cliff,’ Carney warns

The biggest risk to Canada’s economic health is the United States plunging over the so-called fiscal cliff, which would drag Canada close to a recession, Bank of Canada Governor Mark Carney warns. But a satisfying resolution to the fiscal debate could lead to a bounce in U.S. economic activity, M…

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Canada faces near-recession if U.S. plunges over ‘cliff,’ Carney warns

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