eral government budgetary surpluses prior to the global financial crisis, and long-term policies of lowering the national debt, resulted in a minimal recession compared to other G8 nations. As of mid-2012, the majority of the Canadian economy has stabilized (though sensitivity to the Eurozone crisis and higher-than-normal unemployment remain). The federal government and many Canadian industries have also started to expand trade with Asian markets, in an attempt to diversify exports. Widely debated proposed oil pipelines, in particular, are hoping to increase exports of Canadian oil reserves to China
