The Globe and Mail reports in its Saturday edition that halfway through a year from hell, the Good Ship Canada has yet to take on water. The Globe's Tim Shufelt writes that while not exactly booming, the economy has defied the portents of doom, so far. It is at least afloat. That alone is heartening, given how grim Canada's prospects seemed at the outset. The year started terribly and got worse from there, as Donald Trump returned to office with a serious grudge and the means to use economic force to attack Canada. So, the elbows went up, middle fingers extended and we vowed to reorient the country, all while wondering if economic ruin was inescapable. It still could be. We were told that is likely coming in the back half of the year. But who would have thought back then that the Canadian stock market would be rocking record highs come Canada Day? Or that growth would be holding up, the job market stable and consumers continuing to spend? "While Canada's economic path forward remains challenging, it appears considerably less treacherous than it did just a few months ago -- a narrative that has yet to permeate the Canadian psyche," Frances Donald, chief economist at Royal Bank of Canada, said in a recent report.
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