Economic Outlook; Canada looks set to dodge a recession
Published on:
Mar 25, 2024
![Economic Outlook; Canada looks set to dodge a recession Image]()
The Canadian economy is proving its resilience, surpassing year-end expectations with solid labour market performance and sustained population growth. Many signs point to a recovery from the current economic slump in the latter half of the year. Despite this good news, Canada is still in the woods. Challenges are weighing on the economy, with high debt levels, rising mortgage rates (and mortgage delinquencies), business insolvencies, and a stalling productivity that’s keeping growth low.
