Is Canada headed for a recession? | Unpublished

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Is Canada headed for a recession?

Is Canada headed for a recession?

Posted on October 3, 2022

Sticker shock at the pumps and the grocery store is the number one concern of Canadians according to Ipsos Research, with 8 in 10 worried that a recession is in the financial horizon. Anyone who has had to fill up or pick up staples at the store has seen their buying power reduced.

The latest inflation numbers peg the cost of living at 7% for August, which is down marginally from the previous month. The Bank of Canada has been aggressive in hitting the brakes on an overheated economy, hiking the prime rate in dramatic fashion which has seen a somewhat cooling off of our scorching housing market.

Economists do expect inflation to remain above 6 percent through the end of the year. Fuel prices and shelter have seen a bit of a dip but grocery prices remain at their highest level since the Empire Strikes Back hit the big screen in 1981. 

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Unpublished Opinions

On this issue or other similar ones

See how other Canadians are voting


October 6, 2022

I voted: NoWith all the rising prices, food, electricity, home heating fuel, gasoline and diesel fuel it is certain that there will be a recession.

October 5, 2022

I voted: YesIf you know your history, then you know where we're headed economically.

October 5, 2022

I voted: YesThe liberal and ndp government's are responsible fo this upcoming recession and they ( both parties need to be removed ) for we Canadians to ever survive a recession of any kind.

October 4, 2022

I voted: YesWe need to have an election as soon as possible to get rid of Trudeau and Freeland!

October 4, 2022

I voted: YesPlease find a way to get the Liberal party out of government before we are plunged into a deep and long recession. Also Mr. Moore, please stop your Conservative party from referring to inflation as "just inflation". This inflation that we are experiencing in Canada has been caused mainly by the Liberal government although there are a few things that are not in their control. Therefore I ask that it not be called "just inflation" and call it exactly what it is, "unjust inflation".

October 4, 2022

I voted: YesAs a Senior living on a pension, I cannot afford the current prices of everything. So I am looking forward to a recession.

October 3, 2022

I voted: UnsureHard to say. I think the Bank of Canada has raised interests rates too high too fast, and has chilled the economy in quick order. Too much for my liking. What did we expect starting from zero after covid? Because we were headed toward a deflationary period before covid, I expect interest rates to fall back down again next spring. I hope so anyway.

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