In its September 7 press release, the Bank of Canada indicated that:
"While Canada’s economy shrank in the second quarter, the Bank still projects a substantial rebound in the second half of this year."
What can we read about the canadian outlook from the leading economic indicators?
Leading indicators from the Macdonald-Laurier Institute, the Conference Board of Canada and the OECD all show that economic conditions will improve in the coming months.
Here is the graph from the September 8 OECD press release:
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