Canada likely to avoid recession, begin recovering later in 2024: Deloitte

Deloitte Canada predicts Canada will avoid a recession and begin recovering in the second half of 2024, despite ongoing economic pressures from higher interest rates. The report acknowledges worrisome trends like sticky inflation, rising business insolvencies, and increasing mortgage delinquencies, but remains cautiously optimistic about the nation's economic trajectory.

12 months ago
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