Where many countries are struggling in the economic crisis other countries are doing well. Let’s have a quick look at Canada. Canada has the eleventh-largest economy in the world, is one of the world's wealthiest nations, and is a member of the Organization for Economic Co-operation and Development (OECD) and Group of Eight (G8). As with other developed nations, the Canadian economy is dominated by the service industry, which employs about three quarters of Canadians.*
There was a time over the last couple of years when people thought economic growth would be endless, but then the crisis started. Interesting to note that Canada did not experience the crisis as severely as many other countries around the world. Canada appears to have been very realistic and astute about growth which we saw when we attended the Microsoft Worldwide Partner Network in Toronto in 2012. The economic activities and construction we saw was at quite an amazing scale and in sharp contrast to most countries around the globe.
It is almost as if the crisis burst the bubble many of us were living in, but for Canada there was never a bubble to burst. Property prices worldwide have taken a sharp fall, but Canada is still growing strong. Not just the real estate market, but there is also a lot of investment in business applications taking place in Canada. We have signed on two key customers this last month alone in Canada and have a good pipeline for the coming months. | Customer Overview