The Canadian economy
stalled in July, after a modest growth of 0.1 percent in June. Growth was expected to happen, so it seems the recovery is a bit more shaky than what people were hoping for. Well, with a 50%-some-odd drop in stocks over such a short period, what should we expect? If the recession is indeed over, maybe we should be expecting a bit of a trough for a while.
It's interesting though, because stocks have been rallying. I think at this point they've recovered about 50% back to the peak.