The Dreaded Double Dip Recession Looms

The Dreaded Double Dip Recession LoomsThe Bank of Canada has raised interest rates again, saying: the economy is recovering but still faces major challenges. If the economy is facing major challenges, then why raise rates? BMO economist Douglas Porter said poor housing sales and less spending by Canadians is still making for a fragile economy — and higher borrowing costs wouldn’t help improve the situation. I can’t think of a really good reason why the…

September 8, 2010