We were not hit as hard and we recovered faster. That was the message that the Conservatives hammered home in fashioning their first majority government under Prime Minister Stephen Harper during the last election. Stay the economic course based on past performance was the winning message to the voters.
And it seems that lead will continue over the long term.
The Paris-based Organization for Economic Co-operation and Development predicts Canada will lead the Group of Seven industrialized economies in growth over the next half century.
In a report released Friday, the OECD says it expects Canada's real gross domestic product will average 2.2 per cent growth annually over the next 50 years.
Canada, it predicts, will be near the top on a per-capita basis – possibly a truer measure of success — with only Japan sneaking ahead.
However there are potential pitfalls ahead in the short term.
Although Canada has a massive trading relationship with US - we are both each others biggest trading partners - the Conservatives have set out to diversify our markets recognizing that the US and Europe have some serious structural problems ahead.
China as a bigger trading partner has been part of the Harper agenda for several years and now he has set his sights on the burgeoning economy of India having just completed a multi-day trade mission to that country.
Prime Minister Stephen Harper said today from India's bustling hi-tech centre of Bangalore that, re-election or not, U.S. President Barack Obama still faces an economy that will continue to grow slowly, meaning Canada must look to new markets.
"The reality is the United States, while it will remain our largest economic partner for the foreseeable future, it will likely continue to be a slow-growing economy," said Harper, who is on a trade mission in India. "[For Canada] to realize its full economic potential, it will have to diversify to countries like India that are growing and expected to grow much more rapidly."
"We can as a country continue to look at all these worrying developments around the world and fret," Harper said. "We're going to have a lot of these kinds of problems with us for a while."
"We have got to focus on the mid-term, and keep making the decisions and changes necessary in our own country so that we realize the opportunities to create jobs and growth regardless of what may happen in the U.S., Europe and other economies that have longer-term problems," the prime minister said.
Referring to the looming fiscal crisis in the U.S. – the so-called fiscal cliff – Harper added that "the world would be immensely helped if the U.S. could deal with this immediate issue and if the Europeans could accelerate progress on their debt issues."