The canadian economy could have reached a trough in April

Mid-July, the Bank of Canada published its Monetary Policy Report. It indicates in it that the canadian economy "... appears to have hit bottom in April..." (page 11). Since it peaked last February, that would make it the shortest recession recorded in the country. The depth and the scope of the contraction qualify it as a recession, even if the slowdown was really short.

In their quarterly report, the Bank's economists present their projections for the canadian economy...

...and the world.