The Province will reinstate the combined 12 per cent PST
and GST tax system following the referendum decision by British Columbians to
extinguish the HST in B.C., Finance Minister Kevin Falcon announced
today.
Archive for the ‘Economic News’ Category
British Columbians vote to scrap current HST!
Canada on the rebound, recession over: Bank of Canada
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.
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.
davebrownrealtor
