"...China is already showing signs of a pause in the severe economic slowdown. As well, the United Kingdom, Italy and France are showing tentative signs of having hit the bottom of the slide" (Globe and Mail). In the grand scheme of things, this news is good news. Only, when these facts are viewed from a Canadian angle, trouble begins to brew.



While many countries across the globe are beginning to resurface from the depths of a global recession, this is not the case for Canada. In fact, Canada is amongst a group of countries that continues to decline. The supposed good news is that the "...pace of deterioration is decreasing" (Globe and Mail).

Needless to say, this has many Canadian economists concerned. Despite former positive statistics and promises, Canada is not on its way out of the recession. The fact remains that Canada is still more than knee-deep within the current economic state.

This news does not come as welcomed news to many Canadians. Those that are still seeking work will find no solace in an economy that does not yet have a glimmer of hope. In addition, those seeking bank loans will find that nothing has changed when it comes to the number of approved loan applications.

Until Canada can begin to poke its head out of the recession hole, traditional lenders are not likely to start doling out loans. This has prompted many consumers to turn towards private asset based-lenders that are slightly more forgiving.

Even though Canada is lagging behind other countries when it comes to this global recession, private asset-based lenders are still supporting those in need. Through private loans and private car-title loans, consumers can hope to keep their lives running smoothly until the recession is truly over.

While Canada continues to try and play catch-up with other countries, many consumers are still suffering. Thankfully, private asset-based lenders are offering those in need another option that doesn't including begging for traditional lending mercy.

Many predict that Canada has not seen the worst of times quite yet. Thus, a further Canadian economic crash is in the midst. Some speculate that this is par for the course, since Canada did not respond to the global recession right away. Others believe that Canada simply isn't finding viable ways to combat the current crisis. Either way, Canadians are still holding their breath as the country falls behind the rest.