StatsCan estimates 4.6% Q2 growth; manufacturing and construction saw the largest declines in May
Report from the parliamentary budget officer also finds that Canada’s debt level is sustainable over the long term
However, the estimate for June points to a slowdown
Investor exuberance is fading as companies try to stave off a potential recession
Prices up nearly 29% year-over-year for edible fats and oils; air transport up 6.4% month-over-month
Investors fear the Federal Reserve will mirror the full percentage point hike in two weeks
Prices in Q4 will still be up 5% year over year but not up 15% as was expected in April
The central bank now forecasts that inflation will remain at 8% over the next few months
Nearly half of respondents are reining in spending on travelling, dining out and entertainment
The loss in jobs was driven by a decline in self-employment, according to Statistics Canada