recession Archives - Mortgage Rates & Mortgage Broker News in Canada

Is Canada in recession? Economists weigh in on the economic slowdown

August 15, 2024 2 Comments

Despite rising unemployment and a slowdown in per-capita GDP growth, most economists are not forecasting a major downturn for the Canadian economy

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.

Not quite a recession, but Canada sees third-quarter growth turn negative

November 30, 2023 No Comments

There was growing talk of the “R-word” (recession) leading up to today’s GDP data release, given the third quarter could have marked the second straight month of negative growth.

Recession talk gets louder as economic growth flatlines for second straight month

October 31, 2023 No Comments

Canada’s economic growth has flatlined for the second straight month, and has now undershot expectations for the past five months.

Weak GDP data means Bank of Canada rate hikes could be “over and done”

September 1, 2023 No Comments

Canada’s economy slowed more than expected in the second quarter, raising the likelihood that the Bank of Canada will leave rates unchanged at next week’s policy meeting.

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.

Despite the BoC’s growth outlook, Canadians are bracing for recession: TransUnion

July 12, 2023 No Comments

While the Bank of Canada’s latest growth forecasts remain positive for the year ahead, Canadians aren’t taking any chances.

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