It seems that everywhere you turn, there are stories about the down-turn in the market and how our economy is spiraling into a tailspin. Hmmmmm....here's another take on our economy.

I read that CIBC just posted their profits for the last quarter at $794 Million. Thats' right, almost $265 Million profit every month. When I see that amount of profit from one bank, I know its not all doom & gloom. The market is down somewhat, but more than 80% of the business is still there. CMHC (Canadian Mortgage and Housing Corp) estimates that 2012 will be similar to 2011 with a slight increase in housing prices & activity.
There's no crystal ball, but 1 bank & $265Million every month... the economy is doing pretty darn well. Here's a link to the story: CIBC Profits