Is Canada in a technical recession? StatCan to release latest GDP data – National Wa Jobz

Is Canada in a technical recession? StatCan to release latest GDP data – National Wa Jobz

Statistics Canada is set to release its gross domestic product reading for the third quarter Thursday morning. The federal agency’s preliminary estimate suggested the economy shrank 0.1 per cent. A decline in real GDP would mark the second consecutive quarterly contraction, meeting the definition of a technical recession. However, economists tend to have a higher … Read more