Ontarians in the manufacturing sector continue to bear the brunt of the job losses in the country, Caldwell said. In May, economic gains were actually made in other provinces and that's reason to be optimistic.
Finance Minister Jim Flaherty is under attack after revealing that the federal deficit will be much higher than expected, and the auto bailout and EI payments are being blamed.
The Year Ahead: Theo Caldwell, Caldwell Asset Management - the bottoms seen by industry in 2008 will work to their benefit in 2009, with bailouts in action and increased change for the auto industry.