Mortgage Logic

recession

Canada economy to recover in second half: economists

The Canadian economy should emerge from recession during the second half of the year as stimulus measures take effect, setting the stage for interest rate hikes in a year, a Reuters poll showed on Wednesday. The quarterly economic survey of 20 economists, conducted in the days before the Bank of Canada made an expected rate …

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Canada is entering a recession, decides Bank of Canada

The Canadian economy is going down hard and so are interest rates, and to what are their lowest levels in half a century, and for one key rate for consumers and businesses, the lowest level ever. The Bank of Canada, finally conceding that the Canadian economy is “entering a recession” slashed its trend-setting rate by …

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