Is Canada’s economy in trouble? What the latest GDP and job numbers mean for you - BNN Bloomberg
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Article Excerpt
OTTAWA — There was one word on the lips of many Canadians economists, politicians and journalists this past week: recession.
Recent economic data has painted a mixed picture of Canada’s economy, and some interpretations make the argument for a recession.
Here’s what you need to know about the state of Canada’s economy.
Why are people talking about a recession?
On May 29, Statistics Canada reported real gross domestic product figures for the first three months of the year.
The quarter-over-quarter change was so mild that StatCan considered it statistically flat, or no change in real GDP.
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