This IDC Insight contains an overview and analysis of the impact of the recent financial crisis that created significant uncertainty and instability in the U.S. financial system. This document outlines the Canadian perspective of these events and discusses both short-term and long-term effects of this instability. Our analysis focuses on the direct ICT market impact of the latest developments in Canada, along with our outlook for 2009.

Please note: The information contained within this Insight was accurate up to September 29, 2008, and is specific to the impact of the financial services meltdown in the United States on the Canadian ICT market. Based on the deteriorating economic market conditions, both in Canada and especially in the United States, IDC will revise our ICT forecasts globally to reflect current market conditions. Forecast updates and related documents will be produced before the end of 2008 to reflect these changes.