Speaking at a Chinese New Year festival near Toronto this weekend, Prime Minister Stephen Harper said he hopes that the Year of the Ox will also be the year of the return of the bull market. Our major banks would have to disagree with this statement. Both TD Bank and the Bank of Nova Scotia predict our economy will continue to shrink and will loses hundreds of thousands jobs (in addition to the hundreds of thousands already lost) by year end. US analysts predict the economy will not recover until 2010 at best.
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