Canada sees better prospects, G20 gives confidence

Thu Apr 2, 2009 12:49pm EDT
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LONDON (Reuters) - Economic projections for Canada are better than for other countries but Canada is not immune to global trends because it depends on trade, Canadian Prime Minister Stephen Harper said on Thursday.

He told reporters that the just-concluded G20 summit in London took measures that should give comfort and confidence to markets. Harper said he saw more stability in the financial system than at the last G20 summit in November.

"It's a deeper recession than it was in November, but with a lot of stability," Harper said, adding that measures are beginning to bear fruit.

(Reporting by David Ljunggren, writing by Randall Palmer; editing by Peter Galloway)

<p>U.S. President Barack Obama (bottom R) greets Canadian Prime Minster Stephen Harper (middle R) as he is watched by Czech Republic's Prime Minister Mirek Topolanek (top L), Head of the Financial Stability Forum Mario Draghi (top C), President of the World Bank Robert Zoellick (top R), Spain's Prime Minister Jose Luis Rodriguez Zapatero (middle L), German Chancellor Angela Merkel (middle C), Mexico's President Felipe Calderon (bottom L) and Argentina's President Cristina Fernandez de Kirchner (bottom C) as they prepare to pose for a second family photograph at the G20 summit at the ExCel centre, in east London, April 2, 2009. Canadian Prime Minster Stephen Harper missed the first family photograph, which had to be shot a second time. REUTERS/Dylan Martinez</p>