Despite the technical recession materializing, it does look like the Canadian economy is jumping back, is rebounding strongly in the third quarter.

Derek Burleton

Categorized in : Business

At the margin, it's reassuring. It's not a robust employment report but given all the negativity it might help to sooth some of the recent fears, we've just had so much bad news - oil, falling further - just such a bad start to the year that it's nice to get a bit of data that was a little bit better than consensus.

industrials

They'll wait and see how the third quarter's unfolding to get more information, but it does look like the weakness in the first half is in the rear view mirror.

business