The financial crisis was nearly calamitous, and we are still working to overcome its after-effects with both macroeconomic policies and a new global financial architecture. We continue to believe that the world economy is healing, and that Canada will benefit in the form of stronger exports. From there, we expect to see more investment and new firm creation.
In spite of these subdued conditions, we have recently begun to see changes and hopes for improvement. Global demand for PCs, semiconductors, and other IT-related goods is increasing. People strongly hope that a substantial tax reduction and monetary easing will work to accelerate recovery.