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A Queenston Mining geologist examines the drill core from one of the company's drill sites east of Kirkland Lake, Ontario, October 6, 2011.
A Queenston Mining geologist examines the drill core from one of the company's drill sites east of Kirkland Lake, Ontario, October 6, 2011.
(Euan Rocha/Reuters)

Be skeptical of those predicting Canada’s economic doom

According to the doomsayers, Friday’s report on domestic GDP will be the high water mark, before the Canadian economy begins a prolonged slide into slow-growth misery.

The consensus estimate for fourth quarter economic growth is 2.5 per cent on an annualized basis. Forecasters then expect the economy to slow to 2.1 per cent and 2.2 per cent for the first two quarters of 2014.