The Bank of Canada conceded for the first time that the Canadian economy could be headed for a recession , adding that more stimulus and lower interest rates are needed to cushion the steep fall. Stock markets in Toronto and New York rose sharply higher yesterday after the U.S. government rescued Citigroup Inc. with cash and guarantees, boosting investor confidence and resource prices. Commodities moved higher and the Toronto stock market followed suit this afternoon amidst a flurry o...