Why no ‘deep, dark recession’ is expected in Canada ...Middle East

A new forecast from Deloitte predicts that Canada’s economic struggles will begin to ease next year and by 2025 the Bank of Canada may even begin cutting the key lending rate. “We’re still looking at pretty stagnant growth… in the near term,” Deloitte Canada’s Dawn Desjardins, co-author of report, told CTV News Channel’s Marcia MacMillan on Thursday. “No deep, dark recession is in our forecast.” ECONOMY IS SLOWING Desjardins said the Bank of Canada’s rate increases have started to take hold and consumer spending has started to slow after surprisingly “robust growth” earlier this year. Canada’s labour markets have also started to “soften,” according to Deloitte Canada’s chief

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