Posted by: skiffy
Posting time: 5.4 years ago on
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Archived on: 2/12/2017 1:51:00 AM
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[–] coconuts 0 points 2 points 2 points (+2|-0) ago
I wonder if they'll hit .25% again soon.
[–] munk_e_man ago
At the rate Canada's going they might need to have an interest rate in the negatives soon...
[–] shepd 0 points 1 point 1 point (+1|-0) ago
And we are now, by definition, in a recession.
Hopefully it's shortlived.
[–] skiffy [S] 0 points 1 point 1 point (+1|-0) ago
I thought a recession was technically 2 quarters of contracting GDP? So far i believe that we have only 4 months of data showing shrinking.
That data goes till April or May? However most likely rhose months will show that the economy shrank as well, and we will see we are in recession.
[–] shepd 0 points 1 point 1 point (+1|-0) ago
Financial institutions tend to define it as 2 BoC cuts in a row