Bank of Canada sees end to recession
Canada's central bank said on Thursday that the country's economy would expand this quarter, bringing a brief recession to an end.
If the prediction materialises, the recession would have lasted nine months in total, which is considerably shorter than the country's two most recent in the early 1990s and the early 1980s respectively.
Markets soared on the upbeat assessment, contained in the central bank's latest Monetary Policy Report, but Mark Carney, the governor, stressed that the return to
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