Economists question Canadian GDP data after Q1 contraction (opens in new tab)

Some Canadian economists say recent economic readings have become harder to trust after Statistics Canada reported late last month that real GDP contracted at a 0.1% annualized rate in the first quarter. Economists and monetary policymakers had expected roughly 1.5% annualized growth. The result followed interim data that had pointed to modest growth and marked a second consecutive quarterly decline, prompting discussion of a technical recession. Economists, including some at the Bank of Cana...