Canada will indeed fall into a recession this year, with a 1.2 per cent contraction similar to that projected by both the Finance Department and Canada's central bank. But the IMF sees Canada's economy remaining in the dumps in 2010 with a 1.6 per cent advance, which barely gets it back to where it was before the slump began.
Finance Minister Jim Flaherty and bank governor Mark Carney have projected a much stronger rebound.
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