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Recession over?

The Bank of Canada says it is!

 

The following article reaffirms something that we've been seeing - business confidence has improved significantly from the lackluster first quarter this year. We're meeting more candidates who have seen an increase in job opportunities and interviews - on the client side we see more new projects launching and resourcing request increasing. Things aren't amazing but there is a slow, gradual improvement in market conditions!

If you are looking for work - don't wait till Sept, get your resume polished and out there now... 

 

Heres a link to the article in full from the Globe and Mail


Canada's recession is over, and the country is beginning what will be a long reconstruction of the wealth destroyed by the financial crisis, the Bank of Canada said Thursday.


Gross domestic product will expand at an annual rate of 1.3 per cent this quarter, compared with an earlier forecast for a contraction of 1 per cent between July and September, the central bank said in its latest monetary policy report.

The dramatic shift is the result of stronger financial conditions, surprisingly high consumer and business confidence and a first-half contraction that was less severe than the economic catastrophe the central bank was bracing for when it last published its views on the economy in April.

If the bank's new forecast proves correct, Canada's first recession since the early 1990s lasted three quarters, making it one of the shortest downturns on record.