The Canadian economy is showing signs of recovery even in GDP numbers.
June showed modest growth. The grits gathered in Sudbury will be very sad. This may make an election more likely as the next quarter numbers are likely to be evn better. The grits may see this as their only pportunity, even though all the signs are aginst them.
Canada's real gross domestic product (GDP) increased 0.1% as expected in June, the first monthly increase since July 2008, according to official data released by Stats Canada on Monday. For the second quarter as a whole real GDP decreased 0.9%, a less pronounced rate of decline than the 1.6% drop in the previous quarter.
1 comments:
Q1 was revised down and Q2 came in worse than expected. One month does not a turn around make.
But since you want to trumpet the June GDP that cam largely as a result of government stimulus, you can thank the opposition for coming up with the idea of stimulus that the conservatives had to steal.
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