Posthaste: Why Canada’s population boom might not keep the economy afloat this time

under the weight of rising interest rates — at least on the surface — as newcomers contribute to headline gross domestic product by increasing demand in the economy and the supply of workers.

was the weakest since the pandemic’s first lockdown in 2020 and suggests GDP likely fell last month, said Brown. Such a decline could add up to two consecutive quarterly contractions, Recent confidence surveys do not bode well for the economy, says National Bank economist Matthieu Arseneau. The mood of consumers appears to be just as pessimistic. The Conference Board of Canada’s latest consumer confidence index also dropped to its lowest since the start of the pandemic. As Arseneau’s chart below shows, both consumer and small business confidence levels are now at recessionary lows.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Posthaste: Why Canada’s population boom might not keep the economy afloat this timeImmigration has buoyed Canada\u0027s economy, but it may not be enough to keep it from recession, says economists. Read more
Source: fpinvesting - 🏆 43. / 63 Read more »

Why a US Recession Is Still Likely — and Coming Soon(Bloomberg) -- When everyone expects a soft landing, brace for impact. That’s the lesson of recent economic history — and it’s an uncomfortable one for the US right now.Most Read from BloombergOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerSenate Voting on Bill to Avert US Government ShutdownEurope’s Richest Royal Family Builds $300 Billion Finance EmpireA summer
Source: YahooFinanceCA - 🏆 47. / 63 Read more »