Canada's economic resiliency a model for all other countries, experts say
by Global Good News staff writer

Global Good News    Translate This Article
29 November 2012

In a recent report, Transcendental Meditation teachers in Canada highlighted the country's economic gains and stability. The country's financial strengths and resiliency during the past year in the face of continuing worldwide economic recession reflect rising coherence in the national consciousness, teachers said, due to increasing numbers of Canadians enjoying Maharishi Mahesh Yogi's programmes and technologies of consciousness.

Dr John Cowhig, a Transcendental Meditation teacher in Canada, said that although many countries, including the United States and France, have had their credit rating downgraded, Canada's high rating is secure.

In June, an analyst with Moody's Investors Service, one of the Big Three credit rating agencies, said, 'I am very comfortable with Canada's top Aaa credit rating because the country's fiscal and banking strength gives it room to react to risks, for example [those] rising from the European debt crisis. We have a stable outlook on Canada and we don't see any reason why that would change soon.'

The analyst continued, 'The economy's resiliency is demonstrated by very high per capita income, the large scale of the economy, diversity of natural resources, and a competitive manufacturing sector balanced by a well-developed financial market. All this supports the country's resiliency.'

This resiliency is in sharp contrast to many other developed nations.

For this reason, Christine Lagarde, head of the International Monetary Fund, said that the measures taken to protect Canada's economy should be a model for all other countries trying to fix their financial systems.

The experts seem to agree that Canada's economic future and growth are secure.

Dr Cowhig added that the Organisation for Economic Co-operation and Development (like a 'club' of the richest countries in the world), of which Canada is a member, recently forecast that 'Canada, over the next 50 years, will continue to lead that group in terms of economic growth.'

See related articles:
∙ Canada sees great rise in interest in Transcendental Meditation this year
∙ Co-operation and environmental progress hallmarks of Canada's international reputation
∙ Canada's economy bounces back after global recession, reflects rising national coherence
∙ Canada among five happiest nations in the world, UN reports

Copyright © 2013 Global Good News Service



Translation software is not perfect; however if you would like to try it, you can translate this page using:

(Google) Select a language English to Afrikaans English to Albanian English to Arabic English to Belarusian English to Bulgarian English to Catalan English to Chinese (Simplified) English to Chinese (Traditional) English to Croatian English to Czech English to Danish English to Dutch English to Estonian English to Filipino English to Finnish English to French English to Galician English to German English to Greek English to Hebrew English to Hindi English to Hungarian English to Icelandic English to Indonesian English to Irish English to Italian English to Japanese English to Korean English to Latvian English to Lithuanian English to Macedonian English to Malay English to Maltese English to Norwegian English to Persian English to Polish English to Portuguese English to Romanian English to Russian English to Serbian English to Slovak English to Slovenian English to Spanish English to Swahili English to Swedish English to Thai English to Turkish English to Ukrainian English to Vietnamese English to Welsh English to Yiddish

(Altavista babelfish) Select a languageEnglish to Chinese-simpEnglish to Chinese-tradEnglish to DutchEnglish to PortugueseEnglish to FrenchEnglish to GermanEnglish to GreekEnglish to ItalianEnglish to JapaneseEnglish to KoreanEnglish to RussianEnglish to Spanish