Monday, December 14, 2009

RBC reports Canada at the end of the great recession

RBC reports Canada at the end of the great recession

This is the latest from the RBC on our recession, or at least the end of it. This should come as good news. It's been about 14 months since our market entered the recession

The end of the great recession

Through the ups and downs in the economic numbers, one point is becoming increasingly clear — the great recession of 2008-2009 has come to an end. Most major economies we track have posted at least one positive quarterly growth rate with the lone holdout — the United Kingdom — posting another decline in the third quarter but on course to post a decent-sized gain in the final quarter.

However, the recovery so far has come in on the soft side as the unravelling of financial market leverage continues and economies grapple with high levels of unemployment. The enormous amount of stimulus coming from low interest rates and government spending will support an increase in momentum in 2010 but untillabour market conditions improve, central banks are likely to keep
conditions very accommodative.

I hope this finds you Happy and Healthy!

All the Best!


A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

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1 comment:

  1. RBC likes to play stick your head in the sand and pretend its all over. Wait a while Canada, The Second Great Depression is just getting started........back in 1930 "they" were telling everyone that it's all over as well.....and we all know how that gameplan turned out!!!!