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Bank of Canada Sticks to previous forecasts

Mark Carney, governor of the Bank of Canada, stuck to his forecast yesterday that unprecedented monetary and fiscal stimulus will lead to a solid rebound in the Canadian economy next year, prompting one economist to speculate the bank may trim interest rates only 25 basis points at its next announcement in March or even hold steady before raising rates late in the year. Mr. Carney, who was before ...

NEW JANUARY MLS® DOLLAR VOLUME RECORD IN WINNIPEG

The Winnipeg and area real estate market got off to a good start in 2009 with another monthly dollar volume record. MLS® sales were worth close to $100 million and only off 8% from the second best January in 106 years. Breaking MLS® property types down further, residential-detached unit sales were down less than 6% and condominium sales were actually up 43% from 51 to 73 sales. Losing ground ...