RE:RE:RE:RE:RE:RE:RE:Bad news for the bears...As defined by Beata Caranci, chief economist at TD, the most basic definition of recession is two consecutive quarters where there is a reduction in gross domestic product (GDP).
This requires a certain laziness and carelessness on the part of the macro oracles. Anyone who has played this game long enough knows its rigged. CPI is a lie. GDP is a story. The old are living off the young.
In situations like Canada's I want to be the person selling groceries and clothes not mid level cars. Our population has increased more in the last 4 years than it has in last 4 decades. This means more consumers and increased demand. Also an increased supply of labour which tends to lower wages.