A new, optimistic forecast by the Bank of Canada suggests the recession is essentially over in this country as we bounce back at a rate twice as strong as the United States.
Archive for the ‘Economic News’ Category
Canada on the rebound, recession over: Bank of Canada
Bank of Canada cuts short-term interest rate to .5 per cent!
The Bank of Canada slashed its key short-term interest rate about as low as it can go Tuesday to an all-time low of 0.5 per cent.
US Economy shrinking but end to recession in sight, Federal Reserve Chair Ben Bernanke says
WASHINGTON The U.S. economy is suffering a “severe contraction,” Federal Reserve Chair Ben Bernanke told Congress yesterday. But he planted a glimmer of hope that the recession might end this year if the government managed to prop up the shaky banking system, and Wall Street rallied.
Great read on Canada’s economy and strength of our banking system.
Guess which country of the industrialized world, has not experienced one bank collapse, call for a financial or government bail out? Did Canada not come to the tip of your tongue? If it did you guessed right.
Federal budget offers good news for homebuyers and homeowners
The following news release was issued by Real Estate Board of Vancouver today: Federal budget offers good news for homebuyers and homeowners VANCOUVER, B.C. – January 29, 2009 –Yesterday’s federal budget offered a number of initiatives to benefit homebuyers and homeowners in our communities. “The housing measures tabled in yesterday’s budget will go a long [...]
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