A slowdown in demand is just what the Bank of Canada has been hoping for, allowing production in the economy to catch up with consumption, thus putting the brakes on rising prices. WATCH | Canada lost about 6,000 jobs in July, a sign of a slowing economy:Début du widget Widget. Fin du widget Widget. Shrinking global trade is bad for CanadaJohnson said that purchasing by businesses tends to be a leading indicator for the economy. Photo: Reuters / Thomas PeterEconomists at the Bank of Montreal insisted that last week's surprise move from rising prices to deflation in China was unlikely to have a strong impact outside that country.
