IS CANADA HEADING TOWARDS A RECESSION?

Wednesday Oct 25th, 2023

Share

Canada will narrowly avoid an outright recession, but economic growth downturn is a result of  the multiple interest rates hikes.  This will continue for a prolonged period, according to the consensus of economists recently polled by Bloomberg.

The poll, which was conducted from October 13-18, also found that Canadian GDP will be essentially flat in the fourth quarter, only slightly ticking up to a 0.3% annualized pace by Q1 2024.

Post a comment