It’s official, Canada is now in a full bore recession. There are now two camps emerging (I listened to podcasts during the treacherous ride back from the ‘Chi today). The optimistic camp sees economic growth returning in early 2010 and the pessimistic camp won’t say when growth will return but cite parallels to at least two separate decade long periods of no growth in the past 140 years.
The DOW is back to 1997 levels and the TSX is back to 2004 levels.
I hope there will be market for bargain rate economic development consultants in these times….