Saturday, March 14, 2009

Economy poised for recovery this year

The Bank of Canada announced Another 50 bps trimmed off the policy rate and talk about adding quantitative easing to the mix.

The economy sagged in the fourth quarter and first-quarter reports point to a larger contraction in early 2009.

I tend to agree with the expert financial institutions that current interest rates are low and fiscal stimulus is in the pipeline, setting up for a recovery later this year.

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

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