Prime Minister Mark Carney defended his economic record on Tuesday and pointedly avoided the word “recession,” even as the opposition seized on the label. The deeper threat to Canada now is falling oil, which is hitting the loonie just as the economy needed a lift.
In the US, stocks pulled back on Tuesday after hitting fresh record highs on Monday. Investors are watching today’s job-openings data and a warning from JPMorgan’s Jamie Dimon that the market may be too exuberant.
Today’s USA & Canada Intelligence Brief covers domestic finance, markets, economy, and politics. We pulled it together from English and French Canadian sources, with no war stories.
Canada — The Recession Fight Heats Up
Carney Defends His Record, Skips the “R” Word
