Canada's 'technical' recession: Unjumbling the economic jargon

It's the economy, stupid.

The Conservative Party has faced an onslaught of criticism since Statistics Canada revealed that Canada hadslipped into a "technical"recession during the first half of the year.

Bank of Canada Governor Stephen Polozpredicted the data would show a "contraction" assiduously avoiding the "R" word in theeconomy,forecasting theGross Domestic Product (GDP) would expandby onlya paltry 1 per cent this year.

• Bank of Canada's Stephen Poloz calls the R-word 'unhelpful'
• Understanding recession without saying the R-word: Don Pittis
• Recession confirmed as Canada's GDP shrank in 2nd quarter

Justin Trudeau, and ThomasMulcairhave bothwarned that Canadians' incomes are "stagnating."

Have I lost you yet?

If you haven't noticed this election is all about the state of the Canadian economy. And the leaders haven't been shy about throwing around some economic buzzwords.

What does all the jargon mean? Why does it matter? Watch thisvideo:theCBC's Catherine Cullen breaks it all down for you.