Here’s a quick update on the Canada recession outlook based on the latest publicly available reporting.
Core takeaway
Recent signals and context
What this means for investors and policy
Key sources you can check for the latest numbers
If you’d like, I can pull the most recent GDP figures and summarize the exact quarter-to-quarter changes, or build a quick chart comparing quarterly growth rates over the past year to visualize the trend. I can also tailor the outlook to a specific sector (e.g., housing, energy, manufacturing) or to a particular region in Canada.
Canada’s economy shrank in the first quarter by a whopping 0.6 per cent. So far, everybody is afraid of asking the most obvious question: is this the beginning of a new recession?
www.cbc.caCanada's economy has weakened as a result of Donald Trump's tariffs. But sweeping exemptions for most Canadian exports has meant the economy has performed better than many feared. This week, new GDP numbers should show the economy has started to eke out some growth again over the summer.
www.cbc.caCanada's economy is showing clear signs of a slowdown, as the total value of all goods and services sold was essentially unchanged in July and August — and likely September, too.
www.cbc.caA new survey suggests that most Canadians are pessimistic about the outlook of the economy in 2024, as well as their own finances.
www.ctvnews.ca