The Global Recession
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Is the Canadian economy heading for a recession?
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CDNPOLI
Will there be a global recession?
Posted on June 20, 2022
The price of everything is at a 30 year high in Canada. Record setting prices at the pump and on grocery store shelves have us clinging to our cash and eliminating all but the necessities. The Bank of Canada has moved with interest rate hikes to cool down the economy.
But this is far from a “Just in Canada” type of thing. So many other dominoes had to fall into place to get us here. Recently, a survey of economists found that half felt Canada was heading for a recession while the other half did not. What the future holds, we will soon find out.
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Dig deeper
Biggest threat to global economy in 2022? Inflation, not Omicron
Friday, January 21, 2022
Inflation is about to get way worse in 2022—and nearly everyone in Canada will feel the pinch
Wednesday, November 24, 2021
See how other Canadians are voting
Comments
June 21, 2022
I voted: YesFor people that have been through the early 80's there isn't much doubt that the Trudeau government is leading Canada into a huge recession just like his father did! It took Canada more than 30 years to dig our way out of that mess and it will take us longer to dig out from sock boy's economic fiasco!!!!
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