http://www.cbc.ca/money/story/2009/0...-recovery.html
Quote:
The recession is over, the Bank of Canada said in its quarterly Monetary Policy Report released Thursday. After shrinking since the last quarter of 2008, the Canadian economy will grow 1.3 per cent in the current quarter, the bank said.
The return to growth after three quarters of decline signals the end of the recession, defined as two consecutive quarters of shrinkage.
Growth will accelerate through late 2009 and by the first half of 2010, the Canadian economy will be booming with along with four per cent growth
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Oh good, then there is nothing to worry about then.
Is this just a baseless rosy picture painted by a group trying to reignite consumer confidence? Or will the jobless rate slowly start to retract again? Does this mean the stimulus package helped? Was Harper right about the recession being shorter than expected?
I guess we will see after the summer.