A ‘long and winding’ road to recovery
Filed Under Main Content · Tagged: Bank Of Canada, Commodity Markets, Economy, Globe And Mail, Globe Mail, Gross Domestic Product, Impediment, Interest Rates, Jestin, Long And Winding Road, Rebound, Revival, S Sales
Globe and Mail – “The Bank of Canada will likely nudge up interest rates as the economy recovers in 2010, but borrowing costs will not be an impediment to the revival of domestic demand. However, with foreign sales one-third of Canada’s gross domestic product, the strength of the rebound will be tied to commodity markets and reversing the recent slide in U.S. sales,” Mr. Jestin said. …
