Friday, September 26, 2008

Quebec Is A Long Way From Recession: Premier

From The CBC:

Quebecers don't have to worry about a recession, Premier Jean Charest assured Thursday.

The province may be suffering indirectly from the financial crisis rocking the United States, but there is no recession in sight, he said. The instability in the U.S. is probably curbing Quebec's exports there, but real estate values are still strong in the province and Canadian banks aren't locked in to high-risk investments.

Charest reminded reporters gathered in Quebec City on Thursday that the province's Liberal minority government has cut taxes and committed to investing in infrastructure, two moves that will temper any economic slowdown.

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