According to the business outlook survey, two-thirds of firms expect a recession in the next 12 months.
That’s in line with what many economists are forecasting for the Canadian economy, citing a strong labour market as a potential buffer during a downturn.Article content The surveys also show both businesses and consumers expect inflation to remain elevated in the short-term but expect it to ease, sitting closer to the central bank’s target of two per cent in five years.
Greediness plays the biggest part.
Destruction by design.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: