Canada’s Recessionistas Proven Wrong

Recession, huh? Not so fast. The economy was better than previously reported in Q2, shrank in Q3 but details were better under the hood, and Q4 is tracking positive growth. What’s more, pricing a chance at rate cuts as soon as very slim odds for next week or January is drop dead nuts with even March/April pricing looking too rich in my view. Sometimes when the market delivers a smoking grapefruit down the middle of the plate, perhaps one should swing! Canada’s economy dodged a bullet by putting up better (not great) numbers and better details than feared especially upon controlling for temporary factors. The ..

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