The Canadian economy is labouring.
Statistics Canada on Dec. 23 reported that gross domestic product dropped 0.1 per cent in October, the first decline in eight months. Last week, it observed a drop in sales at retailers, wholesalers and factories. And the agency’s latest inflation report showed that the average of the Bank of Canada’s three preferred price measures was 2.2 per cent, the highest in a decade.
Reasons for alarm? That depends on where you were sitting when this mini-parade of numbers started rolling out.
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