Canada's Economic Recovery Slowing

Average Canadians will take a little longer to recover from the recession as both job growth and household incomes remain moderate

. Even with the sharp employment gains, 400,000 additional jobs since July 2009, available working hours and pay raises have remained low which instils concerns that consumer spending will also remain low. Despite these numbers, Michael Gregory from the Bank of Montreal feels that Canadians will have time to adjust to the bank's rate increases.

Canada's Economic Recovery Slowing

By: Molly Wider

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