Canadian economy expected to grow by 2.3% in Q4
Outlook lowered for 2010 and 2011
Weaker U.S. growth pushing Scotia to lower its GDP forecasts for Canada
Even those convinced of a recovery see an increase in the risks it will fade; some compare U.S. woes to Japan’s “lost decade”
Bernanke spells out policy options should economic outlook deteriorate further
Wider trade gap as imports surge
Consumer spending cooling as households focus on debt repayment
Spotlight of investor pessimism has shifted to Japan and the U.S. from China and Europe
Federal government must engage in another round of fiscal stimulus
Downward revisions reflect weaker U.S. outlook, economic fallout in Europe