Economic Outlook For Canada 2024. The firm's economic outlook report. On balance, we believe the canadian equity market should be supported in 2024 by its discounted valuation relative to history, while its exposure to the resource complex provides a hedge of sorts if inflation pressures persist.
In the face of higher interest rates, canada has avoided the recession that some had predicted. Douglas porter | october 24, 2023 | economic insights.
The Annual Average Growth Forecast Of 2.3% For 2024 Is Flattered By A Strong Hand Off From Last Year, Masking A Slowdown To 1.6% By The End Of This Year On A Q4/Q4 Basis.
In january 2024, the number of active businesses edged up 0.1%, the second increase in three months.
Canadian Economic Growth Will Be Slightly Lower In 2024.
This will be driven by solid population and labour force growth, while productivity growth lags behind.
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Higher Borrowing Costs Will Weigh On Activity.
In the face of higher interest rates, canada has avoided the recession that some had predicted.
This Time Last Year Many Were Calling For At Least A Mild Recession In North America In 2023.
Canada looks set to dodge a recession.
And Global Economies Have Beaten Expectations, Canada’s Economy Has Struggled To Grow, And It Appears That It Will Continue To Do So Through Much Of 2024.