Get ready for recession in Canada!

By Tristin Hopper
The National Post
May 16, 2023
Category: Finance & Economics
Region: Canada

A number of recent signals are pointing towards Canada — along with much of the world — being on the precipice of the good times coming to an end. There are many ways the next two years could play out, but they’re more likely than not to feature more strikes, more unemployment and more insolvencies. For one, Canada is already in the midst of a “per-capita recession.” …When considering that a stagnant economy is being shared among a population that is now three per cent larger, Better Dwelling found that per capita economic growth shrank 0.9 per cent in the last quarter of 2022, and then another 0.2 per cent from January to March. …While Canadian analysts generally hope that the economy can avoid the worst of whatever is to hit the United States, it’s likely that Canada has not yet felt the full brunt of hiked interest rates.

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