Deloitte’s forecast is predicated on Canada keeping carveouts under the Canada-United-States-Mexico-Agreement (CUSMA). Photo by THE CANADIAN PRESS/Andrew Lahodynskyj

Deloitte Canada expects the Canadian economy will avoid a technical recession, with a return to low growth in the third quarter, according to its latest outlook released on Monday.

“We expect the economy to limp along in the third quarter but now think that a technical recession can be avoided with growth rates running below potential but still on the positive side of the ledger,” the report said.

The current view marks a change from their previous outlook released in April, which had Canada’s gross domestic product (GDP) contracting by 1.1 per cent in the first quarter and 0.9 per cent in the third quarter of this y

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