Total economic activity in December was about 3% below the pre-pandemic level in February 2020
That compares with a deficit of $11 billion over the same period a year earlier
Financial markets rebounded following the central banker’s comments
The head of the central bank warns of “excess exuberance” in the housing market
But consumers are more optimistic about current conditions than they are about the near future
Making child care more affordable would help women return to the labour force, the BoC governor says
The Fed chair’s comments are in contrast to the increasing optimism about an economic rebound
December's dip marked the largest decline since the low of April
The pre-budget report also recommends reforming the registered disability savings plan
The January result followed three months of declines