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Canada's economic resiliency a model for all other countries, experts say
by Global Good News staff writer
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29 November 2012
In a recent report, Transcendental Meditation teachers in Canada highlighted the country's economic gains and stability. The country's financial strengths and resiliency during the past year in the face of continuing worldwide economic recession reflect rising coherence in the national consciousness, teachers said, due to increasing numbers of Canadians enjoying Maharishi Mahesh Yogi's programmes and technologies of consciousness.
Dr John Cowhig, a Transcendental Meditation teacher in Canada, said that although many countries, including the United States and France, have had their credit rating downgraded, Canada's high rating is secure.
In June, an analyst with Moody's Investors Service, one of the Big Three credit rating agencies, said, 'I am very comfortable with Canada's top Aaa credit rating because the country's fiscal and banking strength gives it room to react to risks, for example [those] rising from the European debt crisis. We have a stable outlook on Canada and we don't see any reason why that would change soon.'
The analyst continued, 'The economy's resiliency is demonstrated by very high per capita income, the large scale of the economy, diversity of natural resources, and a competitive manufacturing sector balanced by a well-developed financial market. All this supports the country's resiliency.'
This resiliency is in sharp contrast to many other developed nations.
For this reason, Christine Lagarde, head of the International Monetary Fund, said that the measures taken to protect Canada's economy should be a model for all other countries trying to fix their financial systems.
The experts seem to agree that Canada's economic future and growth are secure.
Dr Cowhig added that the Organisation for Economic Co-operation and Development (like a 'club' of the richest countries in the world), of which Canada is a member, recently forecast that 'Canada, over the next 50 years, will continue to lead that group in terms of economic growth.'
See related articles:
∙ Canada sees great rise in interest in Transcendental Meditation this year
∙ Co-operation and environmental progress hallmarks of Canada's international reputation
∙ Canada's economy bounces back after global recession, reflects rising national coherence
∙ Canada among five happiest nations in the world, UN reports
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