Canada: Annualized Q2 growth currently tracking around -0.8% to -1.0% - TDS

Research Team at TDS, suggests that a limited rebound in April activity highlights the ongoing challenges facing the Canadian economy in Q2.

Key Quotes

“A better month for manufacturing and continued momentum in real estate will be partially offset by an off month for retail sales and additional weakness in the energy complex. Annualized Q2 growth is currently tracking around -0.8% to -1.0% with a recovery expected thereafter.”