So Far, So Good: C.D. Howe Institute Business Cycle Council Declares Recession Avoided in 2022, 2023
Weakness in Canadian GDP since the Bank of Canada began raising its policy rate in March 2022 has spurred much talk of the possibility of a recession.1At a meeting in early 2024, the Council weighed the evidence of a recession having occurred in the past two years and whether current conditions could presage one. The Business Cycle Council (BCC) of...