CANADA: Fading Recession

Canada's spring recovery has surpassed the brightest forecasts of the experts. In the best pickup since recession's onset, unemployment declined from 516,000 in April to 366,000 in May, when only 6.1% of the working force was jobless (v. 7.2% in the U.S.).

The bounce-back stemmed from a combination of good luck and government help. Last year, when the economy was still riding high, hundreds of school boards and town councils voted to go ahead with building plans; work on schools, roads, city halls, sewers and hospitals got going in time to cushion...

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