Canada's economy isn't in recession, says Canadian Chamber of Commerce's Andrew DiCapua. A rebound in GDP with 0.5% on-month growth in April shows the economy is still chugging along, even if growth isn't especially strong, the economist says. DiCapua says that for the Bank of Canada, the recovery supports the view that risks are fairly balanced. "Higher inflation driven by temporary oil price spikes is one thing, but there isn't enough demand in the economy right now to suggest growth is about to reignite inflation," he says. (robb.stewart@wsj.com; @RobbMStewart)
Dow Jones Newswires
Canada's Economy Chugging Along — Market Talk
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Canada's economy isn't in recession, says Canadian Chamber of Commerce's Andrew DiCapua. A rebound in GDP with 0.5% on-month growth in April shows the economy is still chugging along, even if growth isn't especially strong, the economist says. DiCapua says that for the Bank of Canada, the recovery…