Collective spending across Canada has been kept afloat by an influx of newcomers but households are feeling the pinch; it’s a phenomenon some economists have dubbed a ‘me-cession.’ Anne Gaviola has more on what’s fueling this belt tightening that has many of the same trappings as a technical recession, with some key differences.
- Canada’s economy ‘remains in a growth funk.’ Will that affect rate cut hopes?
- The economy’s fine, but you’re not getting ahead: Welcome to the ‘me-cession’