Canada’s economy on “life support” and headed for recession
The Canadian economy is barely breathing and staring down a likely recession, according to a new report, after shrinking in two of the last three quarters.
The Canadian economy is barely breathing and staring down a likely recession, according to a new report, after shrinking in two of the last three quarters.
Despite the Bank of Canada’s interest rate cuts, the report shows per capita GDP is still falling, with the economy growing at only one per cent annually.
