Two in 5 Canadian business leaders say recession is 'highly likely', off 2020 highs

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Household debt and 'big companies controlling too much of the market' tied as the top foreseen risks to Canada's economy over the next year From jefflagerquist

Recession fears have fallen from pandemic peaks, but economists warn a soft landing is looking less likely in Canada.

Modus Research asked a sample of 600 Canadian managers and executives to gauge the odds of Canada slipping into a recession over the next year. Thirty-eight per cent of respondents to the poll released on Thursday say such a downturn is"highly likely.""Since the spring of 2020, there has been a large drop-off in the number of Canadian business leaders who think Canada is heading towards a recession," Modus stated in a news release.

The poll found household debt and"big companies controlling too much of the market" tied as the top foreseen risks to the Canadian economy over the next year, followed by labour shortages , inflation , rising interest rates , and the residential real estate market .

 

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