Recession 2024 Canada

Recession 2024 Canada. Canadian consumers were clobbered by skyrocketing interest rates and stubbornly high price growth last year. Canada may be likely to avoid a recession, but we won’t start recovering until the second half of 2024, according to deloitte.

But unemployment is rising, consumer spending is expected to slow further and the bank of canada has a laundry list of things it’s. While the economy should benefit from a more predictable environment, high interest rates will continue.