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The Bank of Canada claims that the recession is over in Canada and that growth is returning to the economy. "We believe the economy will grow this quarter," bank governor Mark Carney told a news conference, "Things are unfolding a little faster in terms of the recovery in (consumer and business) confidence and financial conditions."

http://finance.sympatico.msn.ca/investing/news/businessnews/article.aspx?cp-documentid=20839163

To be honest I didn't even realize the recession hitting Canada.