recession Archives - Page 2 of 2 - Mortgage Rates & Mortgage Broker News in Canada

Not quite a recession, but Canada sees third-quarter growth turn negative

November 30, 2023 No Comments

There was growing talk of the “R-word” (recession) leading up to today’s GDP data release, given the third quarter could have marked the second straight month of negative growth.

Recession talk gets louder as economic growth flatlines for second straight month

October 31, 2023 No Comments

Canada’s economic growth has flatlined for the second straight month, and has now undershot expectations for the past five months.

Weak GDP data means Bank of Canada rate hikes could be “over and done”

September 1, 2023 No Comments

Canada’s economy slowed more than expected in the second quarter, raising the likelihood that the Bank of Canada will leave rates unchanged at next week’s policy meeting.

Canadian recession imminent and could last through the first half of 2024: Desjardins

August 31, 2023 No Comments

Despite Canada’s economy outperforming expectations over the last few quarters, signs are starting to suggest a slowdown is on the horizon, according to a report from Desjardins.

Despite the BoC’s growth outlook, Canadians are bracing for recession: TransUnion

July 12, 2023 No Comments

While the Bank of Canada’s latest growth forecasts remain positive for the year ahead, Canadians aren’t taking any chances.

Photo: Brent Lewin/Bloomberg via Getty Images.

National Bank is cautiously optimistic interest rates will hold steady — and eventually drop — in 2023.

February 15, 2023 No Comments

National Bank economists argued in a recent webcast that all signs point to a soft landing by mid-year, with interest rates remaining in their current position.

The latest in mortgage news: Government unveils details of its foreign buyer ban

December 23, 2022 1 Comment

The government unveiled details of its foreign buyer ban on residential properties earlier this week, just days before the rules are set to take effect.

A soft landing for Canada is becoming a “distant prospect”

September 13, 2022 No Comments

Prospects for the Bank of Canada’s desired “Goldilocks” outcome of a soft landing for Canada’s economy is growing dimmer, according to a new report from RBC.

Canada unlikely to avoid recession: RBC

July 8, 2022 No Comments

Rapidly rising interest rates and other economic headwinds mean it’s becoming increasingly likely Canada will enter into a recession.

Are High Home Prices Going to Accelerate the Chances of the Next Recession?

May 17, 2017 No Comments

For at least the last three years, people have been predicting a Canadian housing crash and ensuing recession. Yet the economy continues chugging along and

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