BoC still says economy’s overheated while real GDP rose 0.8% in Q2
All G7 countries are now at, or above, pre-pandemic output levels
The second straight quarter of economic contraction is an informal sign of recession
A CIBC report examines Covid effects
StatsCan estimates 4.6% Q2 growth; manufacturing and construction saw the largest declines in May
Even with the economy recording a second straight quarter of negative GDP, many economists do not regard it as constituting a recession
The think tank says it's not expecting an economic contraction in Canada, but the risks are creeping up
U.S. joins major markets facing slowdown, leading indicators suggest
The surprise contraction may have been due to temporary factors
Increase labour force participation among those 50 and older: Scotia