Bank of Canada says Recession Over, Growth Returning to Economy

Bank of Canada says Recession Over, Growth Returning to Economy

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canada-button.gifThe Bank of Canada is declaring the recession essentially over, saying Canada’s economy will begin growing this summer and lead most of the industrialized world next year.

Driving growth will be sharper improvements in consumer spending and housing sales for this year, one paper reported. Other favourable economic indicators are increased consumer confidence and improved retail sales.

(Continue reading story by Canadian Press)

 

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