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.
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.