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Canada’s Economy is Treading Water as Temporary Shocks Persist
Canada’s economy is treading water after another pair of soft readings for October and November. I’m sure some will choke on their maple syrup and start throwing tantrums. As far as I’m concerned, the fact that the economy is not materially shrinking with all that has been thrown at it from rate hikes to serial shocks continues to be a minor miracle. The latest batch of data added further evidence of transitory shocks that are exaggerating the still material underlying softness in the economy with more required in order to appease the BoC. There was little reaction to the data on both sides of the border ... (full story)
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- Posted: Dec 22, 2023 12:15pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,534
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