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Tracking the economic meltdown March 2007 to May 2009
Created by dskok
on May 28, 2009
Last updated: 03/06/10 at 07:11 AM
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HSBC, Europe’s biggest bank, reveals losses linked to U.S. subprime mortgages, and says the U.S. subprime market is “unstable” and in a “downturn.”
Statistics Canada releases a report saying that the Canadian economy grew at an annualized rate of 1.4 per cent in the last quarter of 2006, the slowest growth rate in 3 years.