So in some important respects, not only did the economic upswing that ended during 2008 provide a bit more impetus to Australia than Canada, but the ensuing global economic downturn has not, to date at least, hit Australia as hard as it has Canada.
On a comparison  6  BIS Review 61/2009  of these two countries, the effects of export volume losses in slowing overall demand in the economy have been less important in Australia. As for inflation, it has moderated.