THE LIBRARY

As we continue to wait for one of the most predicted recessions in recent memory, we think it important to put perspective on the frequency of economic recessions versus the fear of recessions. A recession is defined as a period of two or more successive Quarters during which a country’s GDP declines. Looking back over the 30 years since 1994, there have been three recessions in the United States and two in Canada. In total over the last 30 years (360 months), the US economy

On June 7th the Bank of Canada (BoC) raised its key overnight lending rate 25 basis points to 4.75%. The move surprised market-watchers and quickly produced renewed forecasts for an impending recession in Canada. A tremendous amount of angst has been created by a .14 of 1% interest rate increase. Why did the BoC feel it was necessary to jolt the market with a largely unexpected interest rate increase? The most recent inflation data showed a slight uptick of .1 of 1%, which ha