Following reports in the mainstream media one can easily get the impression that Canada’s economy is in freefall or, at best, stagnating, and so it’s encouraging to read this morning that, in fact, our economic growth is on target—at least, it was as of this past July.
The Financial Post reports that Statistics Canada said today (Friday) that the Canadian economy grew in July, led by manufacturing and wholesale trade, suggesting a third-quarter bounce-back—after shrinking in the previous three-month period—might be in the offing. Gross domestic product grew 0.3 per cent during the month, following a 0.2 per cent increase in June.
Worrying times ahead, of course, but these reports remind us that we Canadians have much to feel good about.
Optimism is a tonic for the soul; we need more of it in these troubling times.