The Globe and Mail reports in its Monday edition that in the span of a week, Canada went from headlines about a technical recession to posting the strongest monthly job gains in a year and a half. Guest columnist Amber Kanwar writes that the Bank of Canada will have a chance to weigh in on conflicting data when it makes its latest interest-rate decision Wednesday. It will be interesting because the central bank's forecast pegged first-quarter GDP growth at 1.5 per cent, not the 0.1-per-cent decline the economy posted instead. The last time the BoC made a decision, it was hawkish -- worried about rising inflation from the war in Iran and resilient growth. A few months later, the narrative has turned on its head with oil prices falling from peak levels and growth stalling. Add to that the 88,000 new jobs in May. "Before getting too excited, keep in mind that employment is still up just 0.7 per cent" year-over-year, BMO Capital Markets' Benjamin Reitzes said in a note. "The back-to-back negative GDPs, lower oil and tame core CPI point to a less hawkish BoC next week than in April ... though the shift will be less material than if this report was weak." The BoC is widely expected to keep rates unchanged at this meeting.