Recession 2024 In Canada. The canadian economy will begin 2024 still mired in recession as the lagged impact of higher interest rates continues to filter through. Canadian consumers were clobbered by skyrocketing interest rates and stubbornly high price.
Canada looks set to dodge a recession despite the ongoing downward pressure from higher interest rates, deloitte canada said in its economic outlook report. Canada’s not (technically) in a recession.