The C.D. Howe Institute's Business Cycle Council, which is traditionally viewed as the arbiter for calling a recession in Canada, says it does not accept two consecutive quarters of GDP contraction as the definition of a technical recession.

OTTAWA - The unofficial authority on recession calls in Canada says it's too soon to use that word to describe the sluggish economy.

La faiblesse de l’économie n’est pas encore assez généralisée ou persistante, juge l’expert non officiel sur le sujet.

The C.D. Howe Institute's Business Cycle Council, which is traditionally viewed as the arbiter for calling a recession in Canada, says it does not accept two consecutive quarters…