So, today the Bank of Canada lowered its prime lending rate to 0.5%. Supposedly, this signals that Canada is sliding into a recession. Those of us who have been watching have long ago figured out that the minute the bubble burst on oil prices, Canada was going to slide into
Continue readingTag: 2008 Recession
The Cracked Crystal Ball II: On Recession Economies
So, today the Bank of Canada lowered its prime lending rate to 0.5%. Supposedly, this signals that Canada is sliding into a recession. Those of us who have been watching have long ago figured out that the minute the bubble burst on oil prices, Canada was going to slide into
Continue readingThe Cracked Crystal Ball II: On Recession Economies
So, today the Bank of Canada lowered its prime lending rate to 0.5%. Supposedly, this signals that Canada is sliding into a recession. Those of us who have been watching have long ago figured out that the minute the bubble burst on oil prices, Ca…
Continue reading