David Haynes - Kanata Real Estate

Canada's central bank chief, Mark Carney, predicted that the recession of 2009 will not last as long as previous recessions.  The Bank of Canada Governor forcasted a decline of 1.2 per cent in Canada's economy in 2009, followed by an increase of 3.8 per cent in 2010.  Canada's recovery is expected to be quicker than other ...

The Bank of Canada lowered the overnight lending rate by .5 per cent to 1.0 per cent which is a total decrease of 3.5 per cent since December 2007.  It is expected that the rate will lower even further after the next Bank of Canada announcement in March. The rate was lowered in an effort to boost our economy which is expected to ...