Soft, hard or ‘bumpy’ landing? Gauging Canada’s odds of a recession
A tight labour market is boosting Canadian incomes, he said, which in turn fuels household spending. That’s putting the country on track for two per cent GDP growth in the first quarter of the year, according to TD’s estimates.
So what to make, then, of this mixed bag of economic data and recession forecasts? Here’s what economists are saying about Canada’s recession odds in a “topsy-turvy world.”Why has the economy been so hot? “Given Canada’s fiery population growth, the Bank of Canada is probably more than willing to swallow strong job increases,” he wrote in a note on Thursday.
Shenfeld said that since the weather-related boost was temporary and strong employment and supply side improvements are generally “non-inflationary” fuels for the economy, the central bank won’t feel as much pressure to respond to these factors. But when the housing market south of the border collapsed, that was the “shock” that sent economies around the world into recession.
Canadian homeowners are facing higher mortgage rates today than a year ago, raising the odds that they’ll default on their loans if they face a sudden loss of income.Brown notes that recent guidance from Canada’s financial services watchdog directing banks and lenders to provide Canadians with ways to offset the burden of higher mortgage rates by, for example, lengthening amortizations, will help “reduce the risk” to the wider economy.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
'Curb-plunking' sparks a bumpy debate on twitter'Curb plunking' has caused online controversy after a man crashed into the bike lane bumpers on the gorge bridge yesterday.
اقرأ أكثر »
Why Nick Nurse soft launching his Raptors exit is unfair to the playersNurse speculated about his future with the Raptors organization in a seemingly random, unprompted rant with his team in the thick of the playoff hunt.
اقرأ أكثر »
Belleville Police Report – April 6th, 2023Total calls for service - Belleville Police responded to 72 calls for service over a 24-hour period beginning ...
اقرأ أكثر »
NDP calls on United Conservative MLAs to denounce Artur Pawlowski's viewsThe Alberta NDP is calling on United Conservative Party MLAs to denounce the inflammatory views of a Calgary street preacher.
اقرأ أكثر »
NDP calls on United Conservative MLAs to denounce Artur Pawlowski's viewsThe Alberta NDP is calling on United Conservative Party MLAs to denounce the inflammatory views of a Calgary street preacher.
اقرأ أكثر »
Ontario NDP, ATU Canada increase calls for funding, staffing for transit safetyOntario's New Democrats and a national labour union are calling for increased funding and staffing for public transit amid recent high-profile violent incidents in Toronto.
اقرأ أكثر »