So what was the big news of the day? “Canadians face a difficult year — perhaps several difficult years,” declared Governor General Michaëlle Jean in today’s throne speech from Parliament Hill.

Are you kidding me?!!?! I would have never thought. Although, now that I think about it, there have been some warning signs.

#5. The downturn in housing markets is still unfolding here in Canada, with reduced credit supply likely adding to pressures.

#4. The auto sector and forestry industry can barely stay above water.
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