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Friday, August 6, 2010

U.S. Economy Slow to Recover

Canada's unemployment rate inched up in July, although this appears to be due to layoffs in the Education sector due to the summer months.

However, while the Canadian outlook is not too bad overall, the U.S. outlook is far more uncertain. The economy appears to be recovering, but at a slower pace than anticipated.

Unemployment is still high in the U.S. and it is not likely to drop significantly, at least for the short term