Bank of Canada Says Recession in Canada is Over

Today's newspaper had a banner headline quoting the Bank of Canada Monitary Report, http://www.bank-banque-canada.ca/en/mpr/pdf/2009/mpr230709.pdf, which declares that for the current quarter they are predicting modest GROWTH. While it won't be a banner, it will be positive. Ford Motor Company, in the same paper was reported to have a profitable quarter in the past quarter, and not all of the profit was due to cost cutting and other structural changes. Much of the success has been winning business from other car companies who are in tougher shape and who have lost consumer confidence.



Speaking of consumer confidence....what do we think these kinds of headlines will do for it? We know that a large part of the problems we have faced have been due to the "chicken little syndrome", but in fact the ski has not fallen and many people, businesses and organizations are weathering and even prospering in the current environment. Let's keep up the effort; continue to seek new solutions to the issues we face and let's celebrate an upturn which we can all make a solid win.



Congratulations Bank of Canada for calling it early. Congratulations media for finally reporting the good news. Congratulations to everyone who has not given up and has worked to make things better economically.



Lee K

A Whole Page of Positive Headlines

Its been a bit of time since our last entry, primarily because I have been on the road and a short couple of days of vacation time...and it is great to be able to post again with a continued positive outlook.
I noted in the business section of the local newspaper today (The Spec) that the whole main business page had positive focused headlines. What a change six months can make. The most positive article of them all predicted that we could see an actual change from recessionary data to a positive growth of up to 2.7 % in the next quarter. Now that is a pretty significant change that would have a real impact on people's perception of their world.
So if you have been wondering if the steps you have been taking to creatively respond to today's economic picture are worthwhile....take this stat to heart and keep on trucking.

Lee K