The best economic news heading into 2019 might be that we’re poorer than we thought a few weeks ago.
Statistics Canada changed history last month, revising economic growth in 2015 to a mere 0.7 per cent, compared with its original calculation of 1 per cent. The 2016 expansion was also cut by three-tenths of a percentage point, to 1.1 per cent. Merry Christmas.
Now the central bank must do some recalculating of its own.
Continue reading at the Financial Post ...