[R-G] Canada heading for recession, say economists

[Macdonald Stainsby]

Canada heading for recession, say economists
http://www.cbc.ca/money/story/2008/10/06/recession.html?ref=rss
Canada is headed into a worse recession than anyone expected, one that 
could last until almost 2010, said the country's top economists on Monday.

Staid financial watchers, who usually speak in measured tones, almost 
screamed the r-word in two separate events Monday.

"At this point, if this kind of volatility keeps up, I think we're 
looking at a much more serious downturn than a mild recession that most 
of us are talking about," said Doug Porter, with BMO Capital Markets at 
a meeting of senior economists in Toronto.