It's Official: Canada's Recession is Over
OTTAWA — The end to the recession didn't come with a bang but with a whimper.
Nevertheless, the news Monday that the Canadian economy eked a slim gain in the last quarter made it official: The nine-month ordeal is over.
The data from Statistics Canada showed the economy grew at an annual rate of 0.4 per cent in the third quarter, far lower than the one per cent growth economists had forecast and the two per cent the Bank of Canada had called for.
[Yay, Canada! Realistically I'm sure we have a ways to go, but at least it's good news for now.]