More good news for people holding a variable mortgage and those individuals currently looking to buy property - the Bank of Canada announced another reduction to their overnight lending rate from 1.5% to 1%. Most of the banks are following suit with a half a percent reduction to their prime rates from 3.5% to 3.0%.
Here is an article from today's 24 Hours newspaper. It lists the top 10 recession proof careers. If your profession is on the list now may be the best time to start investing - go on offense when everyone around you is on defense.