Canadian Economy ‘Double-Dip’ Crashes In Q2 – Worst GDP Growth In 7 Years

Wednesday, August 31, 2016
By Paul Martin

by Tyler Durden
Aug 31, 2016

The first half of 2015 saw Canada informally enter ‘recession’ with two quarters of negative GDP but then, everything bounced back and policy shifts were ‘proven’ effective. However, that dead-canadian-cat-bounce is over as Q2 2016 GDP growth just slumped 1.6% – double-dipping to the worst since Q2 2009. The problem with this plunge is that oil prices actually had their best quarter in 7 years as the economy tanked.

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