The latest figures released by Statistics Canada show that as suspected, the country did slip into a technical recession in the first half of the year.
GDP fell 0.5% on an annualized basis in the second quarter following on from a first quarter drop of 0.8%.
A recession is defined as two consecutive quarters of contraction in gross domestic product.
However, there is evidence to suggest that the economy began to bounce back in June, with a growth of 0.5% recorded, led by a 3.1% boost in natural resources extraction.
Speaking at a campaign stop in Burlington, Ontario, Prime Minister Stephen Harper refused to use the word recession, choosing instead to focus on the growth recorded in June.
He says the upswing confirms that just as some economist had predicted, the economy would return to growth for the rest of the year and that voters should stay the course with the Conservative plan.
The NDP beg to differ however, pointing out that this is the second recession to occur during Stephen Harper’s time as Prime Minster which they say shows that the Conservative plan is not working.