CANADA - Canada's real GDP grew over 5% during the 4th quarter of 2009 and is expected to keep growing in 2010, beating a forecast of 3.3% growth. It was the largest quarterly growth in almost ten years.
So much so that the Bank of Canada is already planning to raise interest rates by July. For now the overnight lending rate remains at a historic low of 0.25%.
In theory this means the recession in Canada is over, but economists warn that we should wait to see if the USA also recovers from its recession. The United States GDP grew 5.9% in the 4th quarter, but still suffers from a huge trade deficit with China and high unemployment.
However it should be noted the 7% decline in the first quarter of 2009 has yet to be recouped. Recovery may be under way, but it may be awhile before Canada is fully recovered and sees a much lower unemployment rate.
Subscribe to:
Post Comments (Atom)
Featured Posts
|
The Sarcasm Symbol
Ever had some confusion online or with your cellphone when someone fails to catch the sarcasm? Well now with the SarcMark you can ge... |
|
Behold, the Scorpion Hydrogen Supercar
CARS - To the right is the future of supercars... it is a hydrogen supercar called the Scorpion. The Scorpion from Ronn Motors in Texas is t... |
|
Documents show Stephen Harper misusing public funds
CANADA - According to 950+ pages of documents obtained by the Canadian Press under the Access to Information Act the Privy Coun... |
|
Pink's Rosie the Riveter
ENTERTAINMENT - What I like about this video is how it meshes different social movements like feminism, veganism, anti-capitalism... |
|
California's Dustbowl
ENVIRONMENT - The photo on the right is a farm in California that has been put up for sale. Its just one of thousands of farms that are n... |
|
Is Steampunk the New Goth???
GOTHIC - Watch out what you see on the subway late at night because while in 2001 you might have seen some pretty freakish goths, by 20... |
|
Do you have enough Ice Water in your diet?
HEALTH - A Calorie (large C) is a measurement of the amount of energy needed to raise the temperature of a litre of water (1 kg's worth) ... |
|
North Korean timeline towards Inevitable War
POLITICS - The following is timeline of events that have occurred on the Korean Peninsula. 1945 - Japan surrenders to the United States a... |
|
Judgment Day is Tomorrow, so sayeth Cult
RELIGION - According to a cult based in California, Judgement Day is tomorrow (May 21st 2011) and Jesus Christ will return to the Earth a... |
|
Sex in Space Forbidden
SEX/TECHNOLOGY - Sex in outer space is a big no-no according to NASA. Not for professional astronauts at least, but the growing numb... |
Popular Posts / Last 30 Days
-
CANADA - The following is a list of 10 reasons why Torontonians are considered the rudest city in Canada. The sad part is Toronto may deser... -
By Charles Moffat - September 2010. CANADA / HEALTH - Last night I had a date with a girl in which we went cycling down to Queen Street We... -
Visit amazon.com/author/moffat to get free short stories and huge discounts on fantasy books by Charles Moffat. Sale ends on October 20th... -
Did you know that Boxing Week is one of the best weeks of the year to buy books? Many authors, especially indie authors, put their b... -
Peasant Magazine is seeking submissions for Issue #2. Specifically it is looking for fantasy, historical fantasy, historical fiction an... -
HEALTH / POLITICS - In China today a Chinese court condemned two men to death and gave a dairy boss life in prison in the first sentences ... -
CANADA - Canada's former top general who retired in 2008 after serving Canada in Afghanistan has written an autobiography and its shin...
-
CANADA - Sarah Thomson, the only female in the big five contenders to become Toronto's next mayor, has dropped out of the mayoral race.... -
When bidding for the White House it always helps to have the cards stacked in your favour. While Barack Obama turned down Hillary Clinton as... -
CANADA - The Conservative minority government of Canada has committed itself to buying 65 new fighter planes at a cost of $140 million each...
No comments:
Post a Comment
Comments containing links will be marked as spam and not approved. We moderate every comment. If you want to advertise on this blog it is $30 per link.