Summary
"We'll probably see a bounceback in Q2, showing basically that the economy may be on the slow track but certainly hasn't gone into reverse on a more sustained basis," he said.
The Bank of Nova Scotia, he said, is "building in a rebounding Q2 which to some extent may exaggerate the strength of the economy just like the first quarter (numbers) probably understates the economic realities in this country," said [Aron Gampel].Paul Ferley, Royal Bank's assistant chief economist, said: "The weakness that we saw in inventories in Q1 does set you up for some bounceback in Q2, partly because some of that weakness was related to the auto strike" which ended in the middle of the second quarter.See the full content of this document
Extract
Economy Slowed in Q1 -- But Set to Rebound
By Eric Shackleton
TORONTO -- An auto industry strike, manufacturing cuts and winter storms dragged the Canadian economy to its first quarterly decline in real gross domestic product in five years, but economists say things are boun...See the full content of this document
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