Is Canada Slipping Into Recession?

04:51

July 16, 2015

Stephen S. Poloz, the governor of the Bank of Canada, answers questions from journalists during a press conference held after he delivered a speech to the Canada-United Kingdom Chamber of Commerce in London, Thursday, March 26, 2015. (Matt Dunham/AP)

Canada made it through the economic troubles of 2008 virtually unscathed. Now, its good fortune might be running out. The economy contracted for two quarters in a row, but the Bank of Canada governor has resisted using the word recession.

Here & Now's Meghna Chakrabarti speaks with Peter Armstrong of the CBC about whether or not Canada is actually in a recession, and how the country's upcoming election might be driving the economic debate.

Guest

Peter Armstrong, economics reporter for the CBC. He tweets @armstrongcbc.

This segment aired on July 16, 2015.