Are We In A Recession 2024 Canada. Economists and market watchers warn of a possible recession on the horizon for canada, typically defined as two or more consecutive quarters of negative. Canada may be likely to avoid a recession, but we won’t start recovering until the second half of 2024, according to deloitte.
But as high interest rates continue to take a bite out of household finances and business spending, could that sputtering turn into a deep recession with. The canadian economy will begin 2024 still mired in recession as the lagged impact of higher interest rates continues to filter through.