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Oct 31, 2023 · Canada's economy is showing clear signs of a slowdown, as after shrinking in June, the total value of all goods and services sold was essentially unchanged in July and August — and likely...
Oct 31, 2023 · The Canadian economy stalled in August and likely slipped into a shallow recession in the third quarter, data showed on Tuesday, a sign the central bank's 10 interest rate hikes since last...
Jan 2, 2024 · Could Canada already be in a recession? Some economists think so. “Whereas the [Bank of Canada] BoC has underplayed the Q3 GDP contraction and still anticipates a soft landing, we believe the economy has already slipped into a recession,” said the team at Oxford Economics led by Tony Stillo.
Aug 14, 2024 · In actuality, Canada’s economy contracted in the third quarter of last year before rebounding in the fourth, narrowly skirting a technical recession.
Sep 6, 2023 · Canada on 'the razor's edge' of a recession, warns economist. After the Bank of Canada held its key interest rate at five per cent, an economist says that inflation will be the key factor in ...
Feb 23, 2023 · Economics firms throughout 2022 said Canada’s economy, along with those of other western nations, would fall into recession by year-end, or early 2023 at the latest. But the latest data shows those economies have been more resilient than anyone expected or predicted.
Oct 20, 2022 · Former Bank of Canada and Bank of England governor Mark Carney told a Senate of Canada committee that Canada likely will head into a recession next year but will fare better than many other...
