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Our Improving Economy

Blog by | December 28th, 2009

Our Improving Economy
Our economy is starting to improve which is a good thing because what this implies is that our economy is creating new jobs, consumers are loosening their their grips on their wallets and starting to spend their money again. What follows economic growth is inflation which is the increase in prices of good such as gas or verhicles. In order to combat too much inflation, the Canadian government choses to implement monetary policy's, mainly raise interest rates. With the economy showing signs of improvements, the Bank of Canada may be raising rates sooner than later. http://www.financialpost.com/news-sectors/story.html?id=2375316

For more information on Okanagan Real Estate:
Alexandra Rebagliati
MacDonald Realty
Associate Broker/Associate Broker
Tel: 250.870.2792