Recession
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Canada likely to avoid recession, begin recovering later in 2024: DeloitteCanada looks set to dodge a recession despite the ongoing downward pressure from higher interest rates, Deloitte Canada said in its economic outlook report.EconomyApr 1
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‘No urgency’ for Bank of Canada to cut rates as economy skirts recessionThe slowdown in Canada's economy hasn't yet met the bar for a technical recession amid modest real GDP growth in the fourth quarter of the year, Statistics Canada says.EconomyFeb 29
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U.K. becomes 2nd G7 economy to fall into recessionBritain's economy fell into a recession in the second half of 2023, a tough backdrop ahead of this year's expected election for Rishi Sunak, who has promised to boost growth.WorldFeb 15
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Japan’s economy falls into recession after shrinking for 2nd straight quarterThe surprisingly weak performance in a second consecutive quarter saw Japan lose its title as the world's third-largest economy, replaced by Germany.WorldFeb 14
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Canada hit technical recession in 2023, small business group forecastsThe Canadian Federation of Independent Business is forecasting that the economy contracted in the fourth quarter, potentially marking a technical recession.EconomyJan 23
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Wall Street sees record high following inflation scarsThrough many cycles in history, the Federal Reserve has helped induce recessions through such increases to interest rates and there was expectation last year it may happen again.ConsumerJan 19
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World economy ‘not out of the danger zone’ amid conflicts, UN saysThe United Nations issued a somber global economic forecast for 2024 on Thursday, pointing to challenges from escalating conflicts and sluggish global trade.WorldJan 5
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Experts predict 2024 might be easier on Saskatchewan walletsAgri-food expert Sylvain Charlebois said costs might be easier to manage in 2024, predicting the country's food inflation rate to drop slightly from 5.9 per cent.ConsumerDec 23, 2023
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Canada’s economy keeps its head above ‘recession waters’ — for nowCanada's economy shrank in the third quarter of the year, StatCan data shows, but the country has remained clear of a technical recession so far.CanadaNov 30, 2023
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Ottawa expects Canada to avoid recession, but interest rates could play spoilerCanada's economy should skirt a recession, according to a group of private sector economists informing the Liberals' fall economic statement.EconomyNov 22, 2023
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