Signs of economic recovery

Over the past few years, you have often heard me talk about the fact that Canada’s economic recovery remains fragile.

Scary examples of what could have happened as a result of overspending can be seen in Europe and even closer to home.

Geithner: G-7 Intervention in Yen Contained Risk of Damaging Recovery

The coordinated intervention by the Group of Seven major industrialized economies contained the risk that a strengthening yen after Japan’s devastating earthquake would damage the economic recovery, U.S. Treasury Secretary Timothy Geithner said Friday after a bilateral meeting with the Japanese finance minister.

Speaking through an interpreter, Finance Minister Yoshihiko Noda said the G-7 intervention was “very significant and effective.”