Tag Archives: recovery

Pace of economic decline is slowing – Economy improving

The outlook for the economy continues to improve, based on Statistics Canada’s leading indicator.
The statistics gathering agency said Wednesday the pace of decline in its leading indicator index slowed sharply in May to just 0.1 per cent. That marked the smallest of nine consecutive declines, Statistics Canada said.
In fact, the month-over-month change – from a [...]

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Spend money- Bank of Canada urges

The Bank of Canada stressed on Thursday the urgency of fiscal action to stimulate spending and ease credit as a string of bad economic news batters consumer and business confidence.
Pierre Duguay, deputy governor at the central bank, clung to the bank’s prediction of a sharp recovery leading to 3.8 per cent growth in 2010 – [...]

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