Prime Minister Mark Carney said his government is "fundamentally" transforming the economy as it responds to the U.S. trade war, and that the country's dip into a technical recession is partly a symptom of this "settling-in" period.

Prime Minister Mark Carney faced criticism on Monday for his leadership of Canada's economy after figures showed it entered into what economists call a technical recession.

Canadian economic data will be volatile as the government works on a broader transformation of the economy, Mark Carney said. Read here now