OTTAWA – The Alberta wildfires torched the Canadian economy in May, driving the country into its worst one-month performance since the darkest days of the Great Recession. On Friday, Statistics Canada’s latest reading for real gross domestic product showed a…
OTTAWA – The Bank of Canada is cutting its economic outlook for the year, saying the extensive damage from the Alberta wildfires will result in an economic contraction in the second quarter. The central bank’s forecast was released Wednesday along…