Recession 2024 Canada. Recession to 20% from 25%, shortly after raising it from 15%. Canadian consumers were clobbered by skyrocketing interest rates and stubbornly high price.
Cibc senior economist andrew grantham said in a note to clients shortly after the gdp release on friday that the second quarter of the year is tracking for annualized growth of 1.4 per cent, just. In the first half of 2024, while the value of m&a deals rose by 5% compared to the first half of 2023, overall.