The Bank of Canada announced that the recession is far worse than thought to be and will be deeper and longer than expected. In reaction to this they have cut the overnight lending rate, from an already historically low 0.5%, to an astonishing 0.25%. They hinted towards the fact that it would stay at this […]Read More →
April 17, 2009 This week’s top stories include how economists are urging the Bank of Canada to take a more aggressive approach on the economy as the C.E.O of Brookfield Real Estate Services Fund makes a statement that he feels the rates will not go down further. All this while we take a look at […]Read More →
April 10, 2009 This weeks top stories include the amount of jobs lost in March with predictions that Canadian unemployment will peak at 9.5% in 2010. Even while this is going on, Canada still reports a small trade surplus for the month of February and a glimmer of hope in housing starts. Canada loses another […]Read More →
March 27, 2009 This week started out with focus on the economy and ended with taxes. There was speculation that Canadian banks were going to aid U.S banks by giving them advice into how our lending system works. The week continued with more good news how our economic slump was less painful then the rest […]Read More →
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