Will There Be A Recession In 2024 In Canada. However, we expect a modest recovery in the latter half of 2024 as the bank of canada begins to cut interest rates, disinflation continues, and global growth improves. Rao emphasizes the need for balanced immigration policies amidst economic challenges and an undercurrent of xenophobia in some western.
Typically, during a recession in canada, inflation would fall because canadians would spend less money. The canadian economy will begin 2024 still mired in recession as the lagged impact of higher interest rates continues to filter through.
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