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Is there a recession around the corner? And does anyone care?

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‘Looking at all the signals from the financial world there are a number of recession indicators that are flashing warning signs,’ says head of Canadian fixed-income strategy at RBC Dominion Securities

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No, seriously. The last “recession” here in Canada wasn’t so bad, was it? Sure, the economy shrank for two consecutive quarters, but just by a little bit. It certainly didn’t feel like a bad recession, at least not for investors. The S&P/TSX composite rose through the first quarter of it, and peaked up 2 per cent on the year by April 15, 2015.

And while the recovery hasn’t been anything to write home about — well, the point is the economy did recover, marginally. Sort of. In its way.

OK, so this is being frivolous. But the question of recession seems to be on investors’ minds again a lot these days. Not just here in Canada, but around the world. So should we be really worried about it this time?