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Canadian Outlook Summary from The Conference Board of Canada (CBC) – To the brink of recession

Canada’s economic growth ground to a halt in the fourth quarter of 2019. With the economy already on precarious footing, the added shocks of the recent rail blockade protests, the arrival of COVID-19, and a collapse in oil prices have brought the country to the brink of recession.

Contents of the Spring 2020 summary:

  • The impact of recent shocks on economic growth
  • Consumer spending will slow this year
  • Housing markets set for a big year
  • Central banks respond with aggressive monetary easing

 

Chosen excerpts by Job Market Monitor. Read the whole story @ Canadian Outlook Summary – Spring 2020 | The Conference Board of Canada

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