Is Canada Going Into A Recession 2025. Dawn desjardins, chief economist at deloitte canada, talks to the financial post’s larysa harapyn about the outlook for the canadian economy in 2025, how many interest rate cuts to expect from the bank of canada, along with what’s next for the labour market, economic growth and more. But as high interest rates continue to take a bite out of household finances and business spending, could that sputtering turn into a deep recession.
The canadian economy is already sputtering. But unemployment is rising, consumer spending is expected to slow further and the bank of canada has a laundry list of things it’s worried about.