While Canada is expected to avoid a technical recession this year — we’ll know for sure on Friday when Statistics Canada releases the relevant economic data — there will be little cause for celebrating.
Canada’s inflation-adjusted gross domestic product declined 0.4% in the second quarter of this year, which included April, May and June.
A second decline in the third quarter (July, August and September) would mean Canada is in a technical recession of two successive quarters of negative economic growth. But most economists, and the early indications from Statistics Canada, suggest the economy expanded slightly in the third quarter, thus avoiding a technical recession .
It’s true that U.S. President Donald Trump’s tariff war, which has been going on since he was sworn in on Jan. 20,

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