RE:Interesting commentary Fisher Investmentsfarlharv wrote: https://www.fisherinvestments.com/en-us/marketminder/your-tuesday-data-delight?fiut=p
Here's an excerpt that ties up with my previous comment that Canada's negative GDP might be related to the high inflation rate:
"
The gap, as best we can tell from looking at all the numbers and reading the entirety of Statistics Canada’s methodology materials (you’re welcome), is due to the inflation adjustment. On a nominal (i.e., not adjusted for inflation) basis, goods exports rose 0.6% q/q and 2.5% annualized, which is much more in line with the monthly data. Canadian monthly trade data are seasonally adjusted but not inflation adjusted, much like their US and global counterparts. According to Statistics Canada’s press release, export prices rose 4.9% q/q in Q2, which apparently was enough to result in a massively negative inflation adjustment."