Is Canada in a recession?—and other questions about the economy, answered
From moneysense.ca
It feels like Canadians have been talking about a recession forever—or at least since the Bank of Canada kicked off a series of 10 interest rate increases in March 2022, two years into the global pandemic. Are we in a recession? Yes, technically speaking, we are in a recession, said Frances Donald, global chief economist and strategist, multi-asset solutions team, at Manulife Investment Management. She spoke at the 2023 Portfolio Management Association of Canada (PMAC) national conference, which was aptly named “Hard Truths & Soft Landings,” at the Fairmont Royal York in Toronto on Nov. 15. She was the event’s ...
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