The Bank of Canada lowered the policy rate to 1% and issued a dire near-term outlook alongside a relatively upbeat forecast for 2010.
• Recent economic data have been bleak, raising the risk of a severe recession that is likely to see the Bank ease again.
Still, fiscal stimulus and easy monetary policy will likely yield a recovery in the second half of the year.
Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
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