DTN News - U.S. FINANCIAL CRISIS: How Will Canada Feel The Effects of The Latest U.S. Economic Crisis?
(NSI News Source Info) TORONTO, Canada - March 3, 2013: As $85 billion in U.S. federal spending cuts begin taking effect, Canadian businesses and politicians are bracing themselves for the impact.
Travellers are being warned of lengthier delays at border crossings as American border patrol officers and air traffic controllers are among the tens of thousands of federal employees who will see their pay and hours reduced as part of the funding cuts.
“This is not a win for anybody, this is a loss for American people,” U.S. President Barack Obama told reporters Friday, fixing the blame for the sequester cuts on the Republicans.
With Canada sending 75 per cent of all its exports to the U.S., its economy relies heavily on the financial health of its southern neighbour.
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http://defense-technologynews.blogspot.ca/2013/03/dtn-news-us-financial-crisis-how-will.html
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