It’s difficult to find anything good to say about the economy at the moment, but Lynn Patterson, the Bank of Canada deputy governor, went to Hamilton on Thursday and gave it a try.
Patterson, who joined the central bank in 2013 after making a name for herself on Bay Street, didn’t pretend that things weren’t grim. Gross Domestic Product nearly stalled in the fourth quarter, and the the country recorded its widest trade deficit ever in December. There isn’t a shade on L’Oreal’s colour spectrum that will disguise that pig.
“Although we figured the economy was in for a detour at the end of last year, that detour may wind up being longer than we had expected,” Patterson saidat an event hosted by Hamilton Chamber of Commerce.
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