The economic contraction meets one informal sign of recession
Economist forecasts a "storm" in economic data as we emerge from the pandemic
StatsCan estimates 4.6% Q2 growth; manufacturing and construction saw the largest declines in May
Report from the parliamentary budget officer also finds that Canada’s debt level is sustainable over the long term
Even with the economy recording a second straight quarter of negative GDP, many economists do not regard it as constituting a recession
Experts weigh in on the economic environment
The think tank says it's not expecting an economic contraction in Canada, but the risks are creeping up
The surprise contraction may have been due to temporary factors
Headwinds mount, dragging down the outlook for the world's major economies
The organization expects the global economy to expand 3% in 2022, down from the 4.5% it predicted in December