Proof Point: Canada's economy is headed for a recession

July 08, 2022 | Brian Moore


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This recession will be moderate and short-lived by historical standards—and can be reversed once inflation settles enough for central banks to lower rates.

RBC Economics Proof Point

When you’re at the top of the hill the only way to go is down. Canada’s economic growth has fired on all cylinders following pandemic shutdowns. But a historic labour squeeze, soaring food and energy prices and rising interest rates are now closing in. Those pressures will likely push the economy into a moderate contraction in 2023.

 

Click here for the full article; RBC Proof Point.