Bank of Canada governor says US economy may never fully recover

OTTAWA - Bank of Canada governor Mark Carney says the U.S. economy could take years to recover from its current weak state _ and may never return to its glory days.

"The nature of the U.S. recovery, it's going to take a number of years before they get back to the U.S. that we used to know," Carney told CTV's Question Period.

"In fact, they are not in our opinion ultimately going to get back fully to the U.S. we used to know."

The weakness south of the border is costing the Canadian economy $30 billion annually in lost exports, according to Carney.  More >>