Canada slipped into technical recession on annualized basis
By CBC News
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Canada's economy contracted in the first quarter of the year on an annualized basis by a slim margin, Statistics Canada data showed. That makes two consecutive quarters of annualized decline, which some call a technical recession. While this doesn’t constitute a full recession according to every definition, the data points to stalling growth. »»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS For breaking news, video, audio and in-depth coverage: https://www.cbc.ca/news Follow CBC News on TikTok: https://www.tiktok.com/@cbcnews Subscribe to CBC News on Snapchat: https://bit.ly/3leaWsr Subscribe to CBC News on WhatsApp: https://www.whatsapp.com/channel/0029Vb6MSjH9Bb63S9tbQa1Y Download the CBC News app for iOS: http://apple.co/25mpsUz Download the CBC News app for Android: http://bit.ly/1XxuozZ »»»»»»»»»»»»»»»»»» For more than 80 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world.
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