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[–] coconuts 0 points 2 points (+2|-0) ago 

I wonder if they'll hit .25% again soon.

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[–] munk_e_man ago 

At the rate Canada's going they might need to have an interest rate in the negatives soon...

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[–] shepd 0 points 1 point (+1|-0) ago 

And we are now, by definition, in a recession.

Hopefully it's shortlived.

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[–] skiffy [S] 0 points 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.

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[–] shepd 0 points 1 point (+1|-0) ago 

Financial institutions tend to define it as 2 BoC cuts in a row