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Conference Board: “Another Recession Would Be Short Lived”

The Conference Board of Canada says the country could be headed for a recession.

However, it won’t be anything like “The Great Recession” of 2009.

The economy contracted by 0.2 per cent in May.

It marks the fifth month in a row the economy did not see any growth.

Economist Matthew Stewart says the news isn’t all bad, as the economy created 16,000 full-time jobs over the first half of the year.

He called the employment numbers a huge improvement compared to 2014.

Stewart expects a rebound in the second half of the year – backed by the trade and export sector.

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