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Jun 30, 2023 · Tuan Nguyen, economist with RSM Canada, said in a note on Friday that the economic strength in the first two quarters of the year will push the predicted recession to the latter half of 2023 ...
Jun 8, 2023 · BMO has “pushed out the modest GDP decline into the second half of the year, and also upgraded the full-year call (for GDP) three ticks to 1.3 per cent,” its chief economist said in a note on June 2. It now forecasts gross domestic product to contract 0.5 per cent in the third and fourth quarters. Story continues below.
- The Alternative to A ‘Bumpy’ Landing Might Not Be Pretty
- Central Banks Still Close to (or At) The End of This Hiking Cycle
- GDP Growth to Resume Late in 2023, But Unemployment to Remain Elevated
The upcoming recession we expect still sits firmly on the ‘mild’ side of historical downturns. But we don’t expect a bumpy landing for the economy to be avoided altogether. Certainly, there is a chance that broader near-term consumer spending could be stronger and less sensitive to interest rate increases than expected. Labour markets have been ver...
After launching one of the fastest rate hiking cycles in history in the beginning of 2022, central banks are now debating how much further interest rates need to go. The Bank of Canada moved to the sidelines in January, announcing a ‘pause’ in interest rate hikes to assess the impact of the 425 basis points worth of increases over the prior year (t...
An immigration-fueled surge in population growth in the wake of pandemic lockdowns will help fill some current gaps in labour markets and will add almost a million consumers to the Canadian population over 2023 and 2024. That boost the production (and consumption) potential of the economy and will help put a floor under economic growth with GDP gro...
Feb 29, 2024 · The Canadian economy expanded at an annualized rate of one per cent in the fourth quarter as high interest rates weighed on growth, but not enough to push the economy into a recession.
Jan 31, 2024 · OTTAWA -. Canada's economy appears to have ended 2023 on a stronger note than expected, which economists say could push back the timeline for interest rate cuts this year. Statistics Canada ...
Jul 8, 2022 · Canada’s economic growth has fired on all cylinders following pandemic shutdowns. But a historic labour squeeze, soaring food and energy prices and rising interest rates are now closing in. Those pressures will likely push the economy into a moderate contraction in 2023. Canadians continue to fuel a recovery in the travel and hospitality sectors.
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Jan 16, 2023 · “With two-thirds of chief economists expecting a world-wide recession in 2023, the global economy is in a precarious position. The current high inflation, low growth, high debt and high fragmentation environment reduces incentives for the investments needed to get back to growth and raise living standards for the world’s most vulnerable,” said Saadia Zahidi, Managing Director at the ...
