Apr 22, 2009

The worst may be yet to come this year

(left-click to enlarge)
I suggest you don't consider any large purchases for a few months. 
The prices may come down further ... or you may have less disposable income.
The Bank of Canada cut its borrowing rate to .25% ... the lowest in 75 years and lowest practical level possible. 
The governor of the Bank of Canada said "the recession in Canada will be deeper than anticipated, with the economy projected to contract by 3% in 2009."

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