There’s no doubt that the downturn has been widespread and hard–hitting. According to Statistics Canada, the Canadian economy contracted at an annualized rate of 5.4% in the first quarter of 2009 and 1.4% in that quarter alone, the worst quarterly performance since 1991.
While the numbers are indeed bleak, a change has begun. Though the world remains in a recession and many firms continue to struggle, signs of recovery are expected to emerge later this year. Firms that are able to align their business strategies with these emerging opportunities — and retain their key talent during the lean times — could see extraordinary growth in the months ahead.
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