Canada’s economic growth will be closely watched Tuesday as Statistics Canada releases the latest GDP figures. The hope is that the economy has rebounded after a weak first quarter but CIBC economist Benjamin Tal told The Financial Post that there is little consensus behind a positive reading. He says that if the figure is negative then the talk will be of recession and interest rate cuts. The Bank of Canada has been optimistic that stronger oil prices and the weaker Canadian dollar will mean a better showing for the second quarter.
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