Flaherty prepares Canada for bad GDP data
Filed Under Main Content · Tagged: Bank Canada, Bank Of Canada, Contraction, Economists, Estimates, Gdp, Gdp Data, Nbsp, Private Sector, Retail Sales, Times Colonist Victoria
Times Colonist, Victoria, BC – The Bank of Canada had originally forecast a 2.3% fourth-quarter contraction. But private-sector economists have revised their estimates downward, calling for a drop ranging from 3.6% to 4.2%, based on among other things a big drop in December retail sales…
