GDP data expected to show decline slowing
Filed Under Main Content · Tagged: April, Canada, Decline, Economic Contraction, Gdp, Gdp Data, Pace, Times Colonist Victoria
Times Colonist, Victoria, BC – “Nevertheless,” he said, “April is going to show that the pace of economic contraction is slowing in Canada. So that’s good news and it is a base to start recovering, which in our view is going to happen later in the year.”
GDP data expected to show decline slowing
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…
