Poll: Is the Canadian Economy Still Okay?

According to the Bank of Canada it is. "The Canadian economy remains robust," says Bank of Canada Governor Mark Carney, although "the global situation is difficult". ( CTV.ca).

Carney says Canada benefits from the rising cost of oil and natural gas, and the economic benefits aren't limited to just energy producing provinces such as Alberta.

The Bank of Canada's July Monetary Policy Report Update says that 'available evidence" suggests that the economy has generally recovered from a first-quarter dip, growing by 0.8 per cent in the second quarter. The growth will continue this year, rising to 1.8 per cent in the fourth quarter. The first half of 2009 will see a 2.8 per cent growth rate.

So what do you think? Is the Canadian economy robust and will it continue to be so? Vote in the poll and comment below.

Whether you believe the economy is going to grow or not, there's no harm in being prepared either way. Doing these 7 Ways to Recession-Proof Your Business will help ensure that your small business makes a profit, no matter what the economy's growth rate is.