December 11, 2007 / 2:03 AM / in 10 years

Dodge says Canada in good shape going into 2008

TORONTO (Reuters) - Canada will start 2008 with “a leg up” vis a vis the U.S. economy, Bank of Canada Governor David Dodge said on Monday.

However, financial markets are not out of the woods yet and investors need more transparency and more information in order for the markets to be able to function properly, he said.

Dodge was speaking in Toronto after giving his final speech as Bank of Canada governor on “Reflections on Developments in the Canadian Financial System” before he retires at the end of January.

Reporting by John McCrank; Editing by Bernadette Baum

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