Are We In A Recession 2024 Canada

Are We In A Recession 2024 Canada.  — gdp data shows that canada is currently in a mild recession but isn’t expected to be severe this year or next.  — the canadian economy will begin 2024 still mired in recession as the lagged impact of higher interest rates continues to filter through.

 — canada looks set to dodge a recession despite the ongoing downward pressure from higher interest rates, deloitte canada said in its economic outlook report. But unemployment is rising, consumer spending is expected to slow further and the bank of canada has a laundry list of things it’s worried about.