After months and months of economists predicting the end of times it was definitely refreshing to finally hear something positive. Mike Carney the Bank of Canada Governor spoke about the current recession and an economic forecast for the coming year or so. Based on the current situation it looks like the recession will be harsh and short with a recovery that will be quick and substantial. In fact by 2011 the economy should be back to full power again. The BOC expects our nation GDP to be down 1.2% in 2009 with a robust bounce back of 3.8% in 2010.
So what does this mean? Basically this gives investors the peace of mind that if they decide to invest now they will reap the rewards more sooner than later!
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