OTTAWA – Economists are looking to Tuesday’s reading on Canadian gross domestic product for confirmation that Canada’s battered economy improved in April.
The consensus among economists is that April’s gross domestic product number will come it at minus 0.1 per cent, showing the economy was still contracting but at a slower pace.
And if the numbers break the right way, Statistics Canada may actually find that the month actually saw the first uptick in gross domestic product since the recession began last fall.
Still, economists say any gain would be temporary since the shutdowns in the Canadian auto sector in May and June certainly pushed the economy further into the ditch during those two months.
