Will the Bank of Canada Opt for Another Interest Rate Cut?

Loonie44, cc Flickr Aaron Strout

Though media outlets are doing whatever they can to minimize it – calling it ‘quiet,’ ‘strange,’ or ‘aberrant’- the fact of the matter is that the Canadian economy is quite likely already in recession. After posting a contraction of 0.6% in real GDP in the first quarter of 2015, monthly GDP numbers have seen four consecutive contractions, indicating that second quarter GDP numbers will also be in the red.

Voila, a technical recession.

Back to Top


Lost your password?