But analysts say the negative second quarter — one economist predicts it will be "abysmal" — is likely a one-off that will be book-ended by positive growth quarters. So with only one quarter of negative growth, the Q2 GDP report isn't likely to herald a return to a national recession — generally defined as being two consecutive quarters of economic shrinkage. The wildfire effectThe Bank of Canada estimates that the wildfires slashed 1.1 percentage points from second quarter GDP. "[The second quarter] is looking quite soft on the back of these numbers," Scotiabank Economics said in a commentary at the time. We'll know the June and Q2 GDP numbers at 8:30 a.m.

Source: CBC News August 30, 2016 21:00 UTC