OTTAWA - Canadian consumers appear to have their "mojo" back, and if all goes according Bank of Canada governor Mark Carney's plan, they'll be the key to Canada's economic rebound. "Consumer demand is going to be at the heart of this recovery," Carney said at a news conference in Ottawa on Thursday following the release of the bank's quarterly monetary policy report. Carney foresees consumer spending expanding considerably, helping to lift the economy from the depths of the recession in the sec ... Full Article...

Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010 OTTAWA - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent. Recent indicators point to the start of a global recovery from a deep, synchronous recession. Global economic and financial dev ... Full Article...

Calgary Home Prices Show Signs of Stability Recovery Continues in Calgary Housing Market Calgary, October 1, 2009 – Calgary home prices show signs of stability as recovery in the housing market begins to take hold. The average price of a single family Calgary metro home in September 2009 was $459,085, showing an increase of 1 per cent from August 2009, when the average price was $454,130, and showing an increase of 3 per cent from September 2008, when the average price was $444,048. The ... Full Article...