Economists say data out this week is likely to show that Canada slipped into a technical recession in the second quarter, but the contraction should be short-lived. "A number of positive elements are coming through," said TD Bank chief economist Beata Caranci. "Even if, like we're expecting, we get a contraction in the second quarter, the consumption numbers are likely to be fairly healthy." According to Thomson Reuters, economists expect Statistics Canada to report that the economy contracted at an annualized rate of 1.0 per cent in the second quarter. Among other data expected from Statistics Canada this week are ... (full story)