[–] shepd 0 points 1 point 1 point (+1|-0) 5.4 years ago
And we are now, by definition, in a recession.
Hopefully it's shortlived.
[–] skiffy [S] 0 points 1 point 1 point (+1|-0) 5.4 years ago
I thought a recession was technically 2 quarters of contracting GDP? So far i believe that we have only 4 months of data showing shrinking.
That data goes till April or May? However most likely rhose months will show that the economy shrank as well, and we will see we are in recession.
Financial institutions tend to define it as 2 BoC cuts in a row
[–] coconuts 0 points 2 points 2 points (+2|-0) 5.4 years ago
I wonder if they'll hit .25% again soon.
[–] munk_e_man 0 points 0 points 0 points (+0|-0) 5.4 years ago
At the rate Canada's going they might need to have an interest rate in the negatives soon...
[–] shepd 0 points 1 point 1 point (+1|-0) ago
And we are now, by definition, in a recession.
Hopefully it's shortlived.
[–] skiffy [S] 0 points 1 point 1 point (+1|-0) ago
I thought a recession was technically 2 quarters of contracting GDP? So far i believe that we have only 4 months of data showing shrinking.
That data goes till April or May? However most likely rhose months will show that the economy shrank as well, and we will see we are in recession.
[–] shepd 0 points 1 point 1 point (+1|-0) ago
Financial institutions tend to define it as 2 BoC cuts in a row