The UK Gets Double-Dip Recession, Moody’s Downgrades Ontario, and Canada Keeps Key Interest Rate At 1%April 28th, 2012 Posted in Uncategorized|Off Topic
Moody’s Downgrades Ontario
Moody’s Investor Services downgraded Ontario‘s credit rating. This happened one day after Standard and Poor’s downgraded Ontario‘s outlook as well.
The UK Gets Double-Dip Recession
Britain falls into recession again for the second time since the financial crisis. Data released on Wednesday, April 25, 2012, shows that its GDP declined 0.2% in the first three months of 2012.
Canada Keeps Key Interest Rate At 1%
The Bank of Canada kept policy interest rate unchanged at 1% on Tuesday, April 17, 2012. However, BOC said that it may increase rate before the 3rd quarter of 2013 as the economy will return to its full capacity in the first half of 2013.