Like the fed but not quite as bad, the Bank of Canada cut its interest rates to a 50 year low. Canada is now entering a recession because of the lack of global activity, which is expected to worsen throughout 2009, as Canadians who were suckered into thinking their prosperity wasn’t contingent on that of the world get a reality check. A TD bank economist was quoted as saying that the recession is expected to get worse before it gets better. Hmmm, that sounds quite familiar…