TORONTO, Dec. 8, 2011 /CNW/ - Canada will feel the squeeze of a slowing global economy in 2012 but can avoid recession as continued low interest rates support business investment and cooler inflation gives consumers more spending power, notes a new report from CIBC World Markets Inc. "As an open economy, Canada can't help but feel the disappointment of a barely half-speed world," says Avery Shenfeld, chief economist at CIBC in a new economic forecast.
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