A recession could be in the cards for Canada’s economy, according to some prominent Bay Street economists.
Canada’s economic expansion suffered a minor setback last month after a robust start to the year, driven by a drop in oil production.
To half-quote Charles Dickens: It was the best of times, it was the not-quite-worst-of-times — but it sure was a wild ride.
Risks are mounting that the world is shifting to a regime of higher inflation, forcing central bankers to tear up their playbook of the last 20 years.
One of Canada’s biggest credit unions is warning against deeper spending cuts from Prime Minister Justin Trudeau’s government to wrestle down inflation, saying the economy is poised to slow sharply.
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