Chief economist says it's "too early to celebrate"
Although GDP was flat for April, it showed strengths
Consumers continue to spend despite rising borrowing costs
The eurozone had a technical recession, with output dropping in Q4 2022 and Q1 2023
Supply chains are good now but demand is lacking
Statistics Canada reports real gross domestic product grew at annualized rate of 3.1% in Q1
Despite the first-quarter slowdown, consumer spending reflected confidence
Canada led the G7 while U.S. growth slowed in the first quarter
No recession but output dropped in several sectors affected by strikes
February growth below forecast with contractions in manufacturing, wholesale and retail trade