Carlos Gomes, an economist at the Bank of Nova Scotia, another Toronto bank, expects that the car industry's output will shrink by 1-2% this year, after surging by 6% in 2002.

ECONOMIST: Canada's economy

But it is fascinating that more-or-less the entire Canadian financial establishment - including Toronto-Dominion, CIBC, Bank of Nova Scotia, Ontario Teachers' Pension Fund and Canada Pension Plan Investment Board, among others - has grouped together to keep TMX Canadian.

BBC: Is Canada hurt by saying no to foreign bids.......