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Most Canadians think recession will be over by the end of 2010
Share Angus Reid poll results – Canadians believe that the national economy will not get much worse, but are aware that it will take time to get out of the current slump, a new Angus Reid Strategies poll has found. In the online survey of a representative national sample, slightly more respondents (23%) believe that the Canadian economy will improve over the next three months, than think it will decline (20%), while more than half (52%) think the... [Read More...]
Small biz confident about themselves more than Canadian economy: poll
Share Confidence! It’s all about confidence! For those who’ve taken Econ 101, remember the power of “i” to the stability of any economy? Optimism up as well with more than half expecting business growth in the next 6 months CNW – An Angus Reid Strategies survey of Canadian small businesses commissioned by STAPLES Canada has determined that small businesses have more confidence in their own operations than they do in the... [Read More...]
What about the car industry?
Share Are car sales in Canada really that bad? Or it’s just the impotent incompetent US cars only? The Vancouver Sun says: Sales in B.C. were down 9.6 per cent in 2008 compared to 2007, according to Statistics Canada. A report released earlier this week by Scotia Economics predicts sales in B.C. will drop a further 13 per cent in 2009. The Sun also says in its editorial today: Harper’s appearances in the United States raise the profile... [Read More...]
China’s version of nationalism
Share Danwei picks up an ad showing how Chinese workers are determined to weather the economic downturn. The copy reads: Let the world know China’s power! Facing the financial crisis, we Chinese workers go into the battle stripped to the waist (i.e. bravely go into battle no matter what the circumstances), and overcome all difficulties. Read More →
Canada IS in recession; bank rate lowest since 1958
Share CP – The Bank of Canada took an axe to short-term interest costs Tuesday, cutting its key rate by three quarters of a point in a move to get consumers and businesses borrowing and spending again and help revive the slumping economy. The drop in the central bank rate to the lowest level in half a century at 1.5 per cent is aimed at loosening up the pursetrings of households and businesses. But it it will take a while for the rate cuts to... [Read More...]
For the record…
Share People interviewed by FTV tonight saying that the premier’s need to make an address on economy makes them feel that the danger facing BC is real. “Otherwise, why does the premier choose to talk suddenly now?” Are such opinions opposite to what the address would want to create? Pretty ironic. :) This is what the premier’s office released tonight: Premier’s address The B.C. Government will take immediate steps to... [Read More...]
