Wednesday, March 31, 2010
Tavia Grant of the Globe and Mail reported that the Canadian economy began the year with a bang, expanding the most in three years as manufacturing, mining and construction activity quickened. The country's gross domestic product, the broadest measure of all produced goods and services, rose by a better-than-expected 0.6 per cent in January on widespread gains, Statistics Canada said Wednesday. It was the fastest growth since December, 2006, the fifth month in a row of increases, and the latest in a string of economic reports to top expectations. The Bank of Canada said earlier this month the economy has been hotter than it had anticipated, putting additional pressure on the central bank to begin hiking interest rates in the coming months. “Barring some major unexpected economic shock, it is hard to imagine the Bank of Canada raising rates any later than July, and it must be conceded that June is at least theoretically possible,” said Eric Lascelles, chief macro strategist for Canada at TD Securities.
Thursday, March 18, 2010
Spring is finally here with the return of the Tundra Swans to Lake Smith, south of Grand Bend near the Pinery Provincial Park. The swans are stopping over at the former Lake Smith before they head north to their nesting area in the Arctic. It was reported that over 40,000 swans are in the area this spring. Click here to see the video.
Wednesday, March 10, 2010
Jeannette and myself made it back from our Florida vacation and even though it was a little cooler there, we did not see any snow! The vegetation in Florida looks a little rough with all the cold weather but we were able to golf and get in a ball game, so spring is right around the corner.
Hank Daniszewski of the London Free Press reported that with even the February snow the London area housing market was heating up with the most single-family housing starts in more than a year. The Canada Mortgage and Housing Corp. (CMHC) said 150 single-family homes were started in London-St. Thomas last month, topping any month in 2009. The number of starts was five times as many as February 2009 when the market was in the middle of a deep slump. CMHC Analyst David Lan said the local market has been on an upswing since last Sept. "We are back to our long term pre-recession numbers". Which is great news for this area as the market is beginning to heat up with the spring like weather.