Economy Improving, Rates Remain Unchanged

On the heals of yesterday’s 4th quarter 2009 GDP release, the Bank of Canada announced that interest rates would remain unchanged.

The 4th quarter GDP number was better than expected and provides further evidence that an economic recovery out of the 2009 recession is well underway. On an annualized basis our domestic economy grew 5.0%, which is a very healthy number. We aren’t‘ out of the woods yet, but things are starting to look better and better all the time.

The full story is here:

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