Finance Minister Bill Morneau shoots down speculation Canada on cusp of recession

Canada is not currently in a recession, nor is it heading for one, Finance Minister Bill Morneau said on Wednesday, quickly dispelling a notion that experts and economists alike have begun to contemplate.

Economic growth in Canada was almost non-existent in the fourth quarter of 2019, due to a collapse of oil prices and a continued decline in housing and business investment. “We’re expecting…that we will have a return to growth at expected levels in the second quarter and our long-term forecasts are positive,” Morneau said in Toronto at a breakfast event for members of the Canadian Club Toronto, the Empire Club of Canada and the Toronto Region Board of Trade.

Gluskin Sheff chief economist David Rosenberg has also said that recession is “unavoidable” this year and that if Canada isn’t already in one, it’s one rung away on the ladder.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

LIVE: Finance Minister Bill Morneau budget photo-oWATCH LIVE: Finance Minister Bill Morneau holds a budget event with children: Teach them how to answer a question when asked and then teach JustinTrudeau Was he there to explain how one day their allowances will be considered income and will be taxable by any chance ( sarcasm intended )
La source: CTVNews - 🏆 1. / 99 Lire la suite »

Federal budget 2019: Full text and Finance Minister Bill Morneau’s speech to parliamentRead the full text of the federal budget and Finance Minister Bill Morneau’s speech to parliament Budget2019
La source: nationalpost - 🏆 10. / 80 Lire la suite »

Finance Minister Morneau begins promoting federal budget with Toronto speechWho's going to pay for all the new spending Bill_Morneau Out buying votes, the games begin! Now of this will happen....... just looking to buy votes!!!
La source: CTVNews - 🏆 1. / 99 Lire la suite »

Finance minister defends Liberal budget measures as sales effort gets underwayThe budget Bill Morneau tabled Tuesday in the House of Commons, his last before Canadian voters go to the polls this fall, showcased several measures aimed at helping more would-be home buyers get …
La source: VancouverSun - 🏆 49. / 61 Lire la suite »