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.
Canada's economy recoiled for the second-straight quarter of 2015 — knocking the country backwards into a technical definition of recession, fresh Statistics Canada data revealed Tuesday.
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.
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.
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.
