Canada Recession

• Canada heading into recession – but not as deep as previously forecasted: Deloitte

  Deloitte Canada's latest economic outlook, released ahead of the federal budget on Tuesday, says tight monetary policy is set to squeeze economic growth this year.

  Economy

  4 hours
  
• PBO expects Bank of Canada done hiking rates, forecasts economic growth of 1% in 2023

  The PBO also predicts the Bank of Canada will keep its key interest rate target on hold at 4.5 per cent for the rest of 2023 before starting to cut in 2024.

  Economy

  Mar 2
  
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• Canada’s economy in for a ‘turbulent’ year, associate finance minister says

  The war in Ukraine and inflation are among the issues causing both uncertainty and economic harm in 2023, Canada's associate finance minister said Tuesday.

  Economy

  Jan 24
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• Global economy will come ‘perilously close’ to a recession this year, World Bank warns

  The impact of a global downturn would fall particularly hard on poorer countries in such areas as Saharan Africa, which is home to 60 per cent of the world's poor.

  Economy

  Jan 10
• Most Canadians say 2022 was good for them but ‘pessimism’ lingers: poll

  As 2022 comes to an end, Canadians seem to have an "improved, but uneven outlook on the country and the world" compared to the last two years, according to an Ipsos poll.

  Canada

  Dec 31, 2022
• Majority of Canadians fearful about feeding their families as economic anxiety grows: poll

  The Ipsos poll conducted exclusively for Global News found 53 per cent of those surveyed were fearful about having enough food on the table, up nine points from just a month ago.

  Money

  Dec 7, 2022
• What is an inverted yield curve? Here’s why it could mean a ‘bad recession’ for Canada

  The yield on the Canadian 10-year government bond has fallen nearly 100 basis points below the 2-year yield, marking the biggest inversion of Canada's yield curve since 1994.

  Economy

  Dec 5, 2022
• Canadian banks to provide financial update in Q4 results ahead of possible recession

  Canadian banks are set to reveal how they're faring in the lead up to a possible recession as they report quarterly earnings this week.

  Economy

  Nov 27, 2022
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• Inflation, interest rates push small businesses to hike prices as holiday season hits

  Canada's small businesses are feeling the pressure to raise prices as inflation and higher interest rates affect their bottom lines heading into the holidays.

  Money

  Nov 16, 2022
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• Conservatives, NDP slam government’s ‘out of touch’ fall economic statement

  Opposition parties are criticizing the federal government's fall economic statement for not doing enough to help Canadians amid high inflation and rising household bills.

  Economy

  Nov 3, 2022