TD: Canada Avoids Broad Recession, But Growth Remains Fragile

TD Economics has released its latest report on Canada's economic growth, stating that the country has avoided a broad recession but still faces fragile growth. According to the report, Canada's economy showed resilience in Q2, with GDP growth reaching 0.3% annualized rate.

The report notes that while the Canadian economy is not yet out of the woods, it has managed to sidestep a broad recession. However, growth remains fragile and vulnerable to external shocks.