Everyone seems to be thinking that green is the way to go - unless you want to save the economy. According to CIBC analyst Jeff Rubin, Canada's wealth of oil may in fact save the nation from falling into a similar plight as the US economy.

According to the report, Canada's energy and resources sectors are in fact withstanding the slowdown in spending south of the border.

The high price of oil has helped too - and many analysts see this rising even further - upwards of $150 per barrel.

This outlook from CIBC isn't quite rosy, but its a far cry from the doom and gloom Canadians have been told to anticipate. Even though our economy typically follows the US, it's not always a precise coupling. Let's hope we can be different this time - for the sake of mortgage brokers, and lenders alike.

http://www.exchangemagazine.com/morningpost/2008/week16/Tuesday/0415025....