The Canadian economy is in for weaker growth in 2013, according to CIBC’s latest economic forecast. The bank cites a continued weak global economy and a lack of key domestic economic drivers for its lowered forecast of economic growth next year. CIBC now says it expects Canadian GDP to rise by a “very mediocre” 1.7 % in 2013, down from its earlier prediction of 2.0 %, even more pessimistic than the Bank of Canada’s prediction that growth next year will come in at 2.3 per cent. With the clamps and changes in policy regarding mortgage rules, Canadians domestically are being forced to curtail their contribution to further stimulate the housing sector by being forced to limit their debt. A majority of Investors in the booming housing sector are foreign investors. They are parking their money in our country so that one day when things go extremely bad in their place of origin they will have a place to live.

President Barack Obama has been named Time magazine’s 2012 Person of the Year, the individual or thing that has most influenced the culture and the news during the past year for good or for ill.
Canadian Astronaut, Chris Hadfield blasted off toward space in a joint mission aboard a Soyuz spacecraft heading toward the international space Station. Being his 3rd time in space, he will become Commander of the International Space Station. Courage and Knowledge is the key to our future human existence.

Don’t Forgetta About Me!
Our Office will be Closed Mon. Dec. 24, 25, 26, 31 & Jan 01