canada's economy blasting ahead !
let's blow a horn for canada : TOOT , TOOT !
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Canada ranks No. 1 for economic strength
BMO annual index compares G7 countries
RICHARD BLACKWELL
From Thursday's Globe and Mail
Canada's economy had a banner year in 2006, and outpaced the performance of all the other G7 countries, according to an annual index compiled by BMO Nesbitt Burns Inc.
Canada's Economic Performance Indicator is also at one of the highest levels since the early 1960s -- only the high-tech boom years of 1999 and 2000 were better -- said deputy chief economist Doug Porter, who crunched the numbers for the investment dealer.
The index tracks inflation, joblessness, budget and current account surpluses or deficits, and an economic growth factor.
A perfect 100 score could be achieved if a country had no unemployment, no inflation, a budget and current account surplus, and GDP growth that matched the long-term trend.
Canada's overall grade was 91.8, beating out second-place Japan at 91.6. All other countries in the G7 were in the 80s, with the United States at 83.9.
...CANADA SHOWS THE WORLD !...