Dialing Down: Canada’s Three-Year Outlook

This quarter, we examine the potential economic outlook for Canada, including gross domestic product and labour market conditions.

The interest rate surge by central banks in Canada and the U.S. is at or very near its peak. Inflation is on its way down, but will growth go down too? The probability of recession in both countries is better than 80 per cent, but will it be milder than most of those experienced in the past? Consumer spending will be the main hit to the economy, but what sectors will take the brunt?

Read the impact paper to get our full analysis.