Canada is on the brink of a full-blown recession(Depression)
NORMAN MOGIL
BusinessInsider.com
Jul. 13, 2015
The Governor of the Bank of Canada (BOC), Stephen Poloz, was not kidding when he warned that the first quarter of 2015 would be “atrocious.”
After a respectable fourth quarter in 2014, the Canadian economy took a turn for the worse: domestic demand fell by 1.7%, owing to a huge drop in business investment, while the other components of GDP barely registered positive results (see Chart 1).
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