Is Canada Going Into A Recession 2024

Is Canada Going Into A Recession 2024. High interest rates, inflation and a slowing economy hit canadian wallets hard in 2023. Oxford believes the recession started in canada in the third quarter of 2023 and will continue until the second quarter of 2024, resulting in a 1.1 per cent peak to.


Is Canada Going Into A Recession 2024

Although the economy has managed to avoid a recession, it’s seeing only very modest growth, which we believe will likely continue before we see some improvement by late. But unemployment is rising, consumer spending is expected to slow further and the bank of canada has a laundry.

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