Are We In A Recession 2024 Canada. Canada’s economy is showing signs of underlying strength as some consumers and businesses brush off recession fears, a flurry of data releases on friday suggest. Heading into 2024, the concern shifts from inflation to the potential for a recession.

The canadian economy will begin 2024 still mired in recession as the lagged impact of higher interest rates continues to filter through. Although the economy has managed to avoid a recession, it’s seeing only very modest growth, which we believe will likely continue before we see some improvement by late 2024.