Dire economic data undermine Liberal promises of growth, Conservatives say
StatsCan reports real GDP fell at an annualized rate of 1.6% in Q2.
RBC cites low oil prices in lowering GDP forecast to 1.7%
Growth rooted by solid consumer spending, stronger exports and stimulus from the federal government.
Canadian economy grows 0.8% in Q4
Meanwhile, Canada’s terms of trade sunk for the fifth consecutive quarter to reach its lowest level since late 2003.
Economic growth slows to 1.2%, half of last year’s rate: OECD
Economic think-tank isn’t optimistic about GDP, which won’t get back to 2014 levels for at least two years.
Manufacturing recovery takes a detour, but long term prospects brighter
Factory sales fall, but volumes led by auto sector see slight gains.
Mining in Canada’s North to double by 2020
Conference Board forecasts overall mining output will grow by 91%, or 7.5% annually, until 2020.