Doug Porter Quotes
Manufacturing is just down 0.1 percent in the past year. It shows there's enough strength in other sectors to offset an outright decline in manufacturing, so there's enough room for the Bank of Canada to keep tightening.
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Manufacturing | Percent | Year | Shows | Strength |
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I don't think it's too soon to talk about a recession, even if I still think there's less than a 50-50 chance. Every other recent recession has been preceded by an energy shock. Certainly at the least there is a risk that growth will be curtailed.
- Doug Porter
