Recession
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Canada’s economy is weak, but ‘not clearly in recession,’ Macklem saysGovernor Tiff Macklem at the Bank of Canada said Wednesday that the economy is weak, but "not clearly in recession" after the central bank left interest rates unchanged.EconomyJun 10
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Data says Canada is in a technical recession. This think tank is waryDebate has raged on Parliament Hill over whether the country is in a recession since Statistics Canada reported last week that the economy shrank for two quarters in a row.EconomyJun 5
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How high immigration levels covered up underlying weakness in the economyEconomists and some critics of Prime Minister Mark Carney have said that years of high immigration intake served to conceal the extent of Canada's economic troubles.EconomyJun 4
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Canadian economy ‘expected to strengthen’ after technical recession: OECDCanada’s GDP growth is expected to reach 1.2 per cent by the end of 2026 and strengthen further in 2027, reaching 1.7 per cent, the OECD outlook saidCanadaJun 3
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Is Canada in recession? ‘We see some weakness,’ Carney says, touts ‘process’Prime Minister Mark Carney acknowledged 'some weakness' in the economy after recent GDP data showed Canada was in a technical recession.EconomyJun 2
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Are we in a recession? ‘Be careful’ with indicators, says Bank of CanadaEven though the most recent GDP reports flirt with a technical recession, the Bank of Canada and several economists aren't ready to declare one formally just yet.EconomyJun 1
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Poilievre calls for emergency debate as Canada enters technical recessionConservative Leader Pierre Poilievre is calling on Prime Minister Mark Carney to reverse years of government policy as job losses mount and national economic growth turns negative.PoliticsMay 31
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Canada slips into technical recession as economy stalls in Q1: StatCanStatistics Canada says economic growth stalled in the first quarter and real gross domestic product was slightly negative on an annualized basis.EconomyMay 29
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Canada’s big banks brace for more bad loans, focus on ‘de-risking’Canada's biggest private banks are reporting quarterly earnings this week, and the first three have signalled they are continuing to set aside money in case some loans default.EconomyMay 27
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Stock markets swing, erase early losses as oil prices wobble over IranNorth American stock markets opened lower Thursday as oil prices rose and treasury yields resumed their climb amid the ongoing stalemate between Iran and the U.S.MoneyMay 21
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