Is Canada Heading For A Recession 2024. That would put canada on track for two consecutive quarters of negative growth, which would meet the technical definition of a recession. Canada may be likely to avoid a recession, but we won’t start recovering until the second half of 2024, according to deloitte.
Canada will dodge a recession by a narrow margin, economists say, but elevated interest rates will keep economic growth near zero for a while. But unemployment is rising, consumer spending is expected to slow further and the bank of canada has a laundry.
