South Coast Today - canada recession http://www.southcoasttoday.ca/general/canada-recession en Recession report is "good news", says Harper http://www.southcoasttoday.ca/content/recession-report-good-news-says-harper <div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p><span style="font-family:georgia,serif;"><span style="font-size:14px;"><img alt="" src="/sites/shelburne.asrequired.ca/files/harper-hed.JPG" style="width: 444px; height: 248px;" /></span></span></p> <p><span style="font-family:georgia,serif;"><span style="font-size:14px;">In a masterful attempt at political spin, prime minster Stephen Harper called Tuesday's report from Statistics Canada that the country was technically in a recession, a "good news report", because some sectors appeared to be strong.</span></span></p> <div class="text combinedtext parbase section" style="margin: 0px; padding: 0px; border: 0px; outline: 0px; font-size: 14px; vertical-align: baseline; clear: none; color: rgb(0, 0, 0); font-family: Georgia, 'Times New Roman', Times, serif; line-height: 20.2999992370605px; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"> <p itemprop="articleBody" style="margin: 1em 0px 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; background: transparent;"><span style="font-family:georgia,serif;"><span style="font-size:14px;">Canada's economy recoiled for the second-straight quarter of 2015 — knocking the country backwards into a <a href="https://www.thestar.com/business/2015/08/31/canadas-technical-recession-will-be-short-lived-economists-say.html" style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; color: rgb(0, 114, 188); text-decoration: none; background: transparent;">technical definition of recession</a>, fresh Statistics Canada data revealed Tuesday.</span></span></p> </div> <div class="text combinedtext parbase section" style="margin: 0px; padding: 0px; border: 0px; outline: 0px; font-size: 14px; vertical-align: baseline; clear: none; color: rgb(0, 0, 0); font-family: Georgia, 'Times New Roman', Times, serif; line-height: 20.2999992370605px; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"> <p itemprop="articleBody" style="margin: 1em 0px 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; background: transparent;"><span style="font-family:georgia,serif;"><span style="font-size:14px;">The federal agency said real gross domestic product contracted at an annual pace of 0.5 per cent in the second quarter of the year, which followed a revised decline of 0.8 per cent during the first three months of 2015.</span></span></p> </div> <div class="text combinedtext parbase section" style="margin: 0px; padding: 0px; border: 0px; outline: 0px; font-size: 14px; vertical-align: baseline; clear: none; color: rgb(0, 0, 0); font-family: Georgia, 'Times New Roman', Times, serif; line-height: 20.2999992370605px; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"> <p itemprop="articleBody" style="margin: 1em 0px 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; background: transparent;"><span style="font-family:georgia,serif;"><span style="font-size:14px;">Statistics Canada says the first-quarter performance was weaker than originally estimated, forcing the agency to lower its GDP reading for the first three months of the year from an original estimate of 0.6 per cent.</span></span></p> </div> <div class="text combinedtext parbase section" style="margin: 0px; padding: 0px; border: 0px; outline: 0px; font-size: 14px; vertical-align: baseline; clear: none; color: rgb(0, 0, 0); font-family: Georgia, 'Times New Roman', Times, serif; line-height: 20.2999992370605px; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"> <p itemprop="articleBody" style="margin: 1em 0px 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; background: transparent;"><span style="font-family:georgia,serif;"><span style="font-size:14px;">On the positive side, there was evidence to suggest Canada's economy began to bounce back in June as GDP grew by 0.5 per cent for the month after shrinking over five straight months.</span></span></p> </div> <p><a href="https://www.thestar.com/business/2015/09/01/canadian-economy-in-recession-gdp-figures-show.html">SEE FULL STORY</a></p> </div></div></div><div class="service-links"><a href="https://twitter.com/share?url=http://www.southcoasttoday.ca/content/recession-report-good-news-says-harper&amp;count=horizontal&amp;via=&amp;text=Recession report is "good news", says Harper&amp;counturl=http://www.southcoasttoday.ca/content/recession-report-good-news-says-harper" class="twitter-share-button service-links-twitter-widget" title="Tweet This" rel="nofollow" target="_blank"><span class="element-invisible">Tweet Widget</span></a> <a href="https://www.facebook.com/plugins/like.php?href=http://www.southcoasttoday.ca/content/recession-report-good-news-says-harper&amp;layout=button_count&amp;show_faces=false&amp;action=like&amp;colorscheme=light&amp;width=100&amp;height=21&amp;font=&amp;locale=" title="I Like it" class="service-links-facebook-like" rel="nofollow" target="_blank"><span class="element-invisible">Facebook Like</span></a> <a href="https://www.facebook.com/sharer.php" title="Share this post on Facebook" class="service-links-facebook-widget" rel="http://www.southcoasttoday.ca/content/recession-report-good-news-says-harper" target="_blank">Share on Facebook</a></div><div class="field field-name-field-tags field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even" rel="dc:subject"><a href="/general/canada-recession" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">canada recession</a></div><div class="field-item odd" rel="dc:subject"><a href="/general/stephen-harper" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">stephen harper</a></div></div></div> Tue, 01 Sep 2015 16:02:57 +0000 Timothy Gillespie 4031 at http://www.southcoasttoday.ca http://www.southcoasttoday.ca/content/recession-report-good-news-says-harper#comments