What Is Recession

• What is a ‘richcession’? And will it spare the economy from a full-blown downturn?

  While service sector workers were affected by restaurant and retail chain closures at the start of the pandemic, experts say the pendulum might be swinging the other way.

  Canada

  Aug 4, 2023
  
• Economy hit ‘sharp reversal’ in June. What this means for the Bank of Canada

  Forest fires in Alberta dragged down Canada's economy in May, but rebounds in the housing market and an end to the federal public service strike kept growth positive, StatCan said.

  Economy

  Jul 28, 2023
  
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• Will there be a recession in Canada? What the latest data tells us

  A flurry of economic releases show Canada's economy has some underlying strength, with opinions mixed about whether a recession is still in the cards.

  Economy

  Jun 30, 2023
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• Is Canada headed for a recession? Here’s what the latest data shows

  After recording zero growth in the fourth quarter, the Canadian economy bounced back to start of 2023, Statistics Canada said Friday.

  Economy

  Apr 28, 2023
• Gap cutting 1,800 jobs amid recession fears

  Gap Inc said it would reduce its workforce by about 1,800 employees, joining various other U.S. companies in layoffs as worries of a recession in the U.S. continue to grow.

  Money

  Apr 27, 2023
• Risk of ‘hard landing’ for global economy has ‘risen sharply,’ IMF warns

  The IMF has dimmed its outlook for the world economy this year amid high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks.

  Economy

  Apr 11, 2023
• World Bank raises 2023 growth outlook but warns on banking turmoil, oil prices

  World Bank Group President David Malpass said on Monday that the lender has revised its 2023 global growth outlook slightly upward.

  Economy

  Apr 10, 2023
• Soft, hard or ‘bumpy’ landing? Gauging Canada’s odds of a recession

  Ongoing calls from economists predicting a recession to hit Canada in 2023 have come up against surprisingly strong economic data in the early part of the year.

  Economy

  Apr 7, 2023
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• Canada saw economic growth resume in January following small contraction

  The agency says real gross domestic product rose 0.5 per cent to start the year after contracting 0.1 per cent in the final month of 2022.

  Economy

  Mar 31, 2023
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• 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

  Mar 28, 2023