CBC: This week lands between the Bank of Canada's last interest rate decision and next week's GDP report.

“Karl Schamotta, chief market strategist at the financial services company Corpay Cross-Border Solutions, agrees, but says there are a whole suite of changes happening at once. "We’re at the beginning of a structural adjustment— weaning the economy off residential real estate and consumption-driven growth, rebuilding business investment, diversifying trade relationships — that could take years to achieve. The country has to deleverage. The housing market has to find a floor. Productivity growth has been anemic for two decades and there is no quick fix for that," he told me via email. But he says all that will eventually have a positive outcome. "Canada isn’t facing a crisis. It’s facing a long convalescence," he said.”

Read the article here.