Key facts
- Canada's official arbiter of recessions stated it is too soon to declare an economic downturn.
- The final decision on whether Canada has entered a recession has not yet been made.
Canada's official arbiter of recessions has stated that it is too soon to declare an economic downturn. The final decision on whether the country has entered a recession has not yet been made. The statement implies that economic data is still being evaluated and a definitive conclusion has not been reached.