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olalondetoday at 8:30 PM1 replyview on HN

According to the central bank, the country is "not clearly in a recession"[0].

[0] https://globalnews.ca/news/11897931/bank-of-canada-rate-anno...


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slopinthebagtoday at 8:49 PM

I'm skeptical of central bankers trying to sugarcoat the fact that we are in a "technical" recession. If you look at per-capita GDP it's lower than it was four years ago and if you talk to regular Canadians you'll come away feeling like we've been in a recession for years. I would say per-capita is a better metric because it better reflects what individuals are experiencing, whereas Canada's overall GDP has been bolstered by high immigration targets for years. Regardless, it meets the definition of a recession and matches with the experiences of many Canadians. I'm sure the beureocrats and central bankers aren't feeling that pain though.

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