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: 2014-15 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, Ca…
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, Canada was going to slide into
Continue reading