StatsCan estimates 4.6% Q2 growth; manufacturing and construction saw the largest declines in May
Payroll employment dipped as job vacancies remain high
During economic downturns, the incomes of low earners were particularly hard hit and didn't recover, research finds
Even with the economy recording a second straight quarter of negative GDP, many economists do not regard it as constituting a recession
High inflation contributed to consumer anxiety
However, the estimate for June points to a slowdown
Recession fears and geopolitical tensions among the factors that could drag down the price of crude
A better coverage ratio in 2020 was due partly to fewer workers during the pandemic
Both foreign and domestic investor activity slid sharply from record levels
Oxford Economics expects 0.5% Q2 growth, on annualized basis, in U.S. economy