Canada had weak first 4 months, but not in a recession

Canada had weak first 4 months but not in a recession, economists say

Barrie Mckenna, The Globe and Mail, July 29, 2015

Canada isn’t in a recession – at least not yet.

That’s the conclusion of the country’s unofficial arbiter of recessions, the C.D. Howe Institute’s Business Cycle Council, made up of 12 prominent economists.

After meeting last week, the council determined that “data did not provide evidence that Canada had entered an economic downturn,” according to a statement being released Tuesday by the C.D. Howe Institute, an independent think tank based in Toronto.

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