recession in canada Archives - Mortgage Rates & Mortgage Broker News in Canada

2024 recession now expected to be “shallower and shorter,” says Oxford Economics

May 16, 2024 No Comments

While Canada’s economy is still expected to enter a technical recession this year, Oxford Economics now believes the downturn will be less severe than initially thought.

What is the likelihood of a soft landing in Canada

What history can tell us about soft landings and the pace of rate cuts that usually follow

February 22, 2024 No Comments

Contrary to skepticism, the Bank of Canada actually has a proven track record of successfully managing soft landings more often than not.

Market participants still expect the first Bank of Canada rate cut in April

February 5, 2024 No Comments

Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by April.

Brace for recession (if we’re not already in one), economists say

January 23, 2024 1 Comment

Canada’s economy is headed for an imminent recession in 2024—that is, if we aren’t already in one, economists say.

Canadian recession imminent and could last through the first half of 2024: Desjardins

August 31, 2023 No Comments

Despite Canada’s economy outperforming expectations over the last few quarters, signs are starting to suggest a slowdown is on the horizon, according to a report from Desjardins.

The latest in mortgage news: Government unveils details of its foreign buyer ban

December 23, 2022 1 Comment

The government unveiled details of its foreign buyer ban on residential properties earlier this week, just days before the rules are set to take effect.

A soft landing for Canada is becoming a “distant prospect”

September 13, 2022 No Comments

Prospects for the Bank of Canada’s desired “Goldilocks” outcome of a soft landing for Canada’s economy is growing dimmer, according to a new report from RBC.

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