Will There Be A Recession In 2024 Canada. It’s almost universally accepted that rate cuts are coming, but when, and by how much, is uncertain. The economy has dodged a recession.
Oxford believes the recession started in canada in the third quarter of 2023 and will continue until the second quarter of 2024, resulting in a 1.1 per cent peak to trough decline in gross domestic product. One of the country’s biggest lenders says the bank of canada will accelerate the pace of monetary easing in order to stave off recession.