The Loonie Hour Podcast

Has the Recession Already Started in Canada

September 8th, 2023

The Bank of Canada holds interest rates. Q2 GDP unexpectedly contracts, defying Bank of Canada Forecasts. Higher mortgage rates are starting to hit households hard. China & Germany have hit the brakes hard. The ECB could shift to the sidelines. US apartment rents are likely to contract in September, with implications on CPI.

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