US EditionIs Canada in a recession? The data says we’re teetering on the brink.
- Canada's real GDP growth declined from 0.65% to 0.4% in the first quarter of 2025, signaling economic slowdown.
- This dip followed a previous quarter of growth, and the slump has not lasted long enough to officially classify as a recession.
- Consumer spending shows mixed signals with declines in discretionary categories, stable retail sales, rising debt levels in late 2024, and improving insolvency data by March 2025.
- The average unemployment rate for Q1 2025 was 6.6%, above the 12-month low but still below recession thresholds, while housing sales and construction declined notably in early 2025.
- Despite gains in certain industries, recent quarters of negative GDP growth combined with declining housing market activity make the potential onset of a recession in Canada hard to overlook.
13 Articles
13 Articles
Is Canada in a recession? The data says we’re teetering on the brink. | News Channel 3-12
Is Canada in a recession? The data says we’re teetering on the brink. It’s safe to say none of us saw this mess coming. Who knew when Canadian grizzly bears went to sleep last fall amidst a concerned buzz over how the U.S. election would turn out, they would wake up in the spring to threats of annexation, a global trade war, plunging stock portfolios and a federal election with one of the highest voter turnouts in recent history? After all the e…
Is Canada in a recession? The data says we’re teetering on the brink.
Is Canada in a recession? The data says we’re teetering on the brink. It’s safe to say none of us saw this mess coming. Who knew when Canadian grizzly bears went to sleep last fall amidst a concerned buzz over how the U.S. election would turn out, they would wake up in the spring to threats of annexation, a global trade war, plunging stock portfolios and a federal election with one of the highest voter turnouts in recent history? After all the e…
Ontario’s GDP Dropped From 5 Percent Higher to 3.2 Percent Lower Than Rest of Canada
The gross domestic product (GDP) per capita of Ontario has dropped from 5 percent higher than the rest of Canada to 3.2 percent lower over about 20 years, according to a recent analysis. The analysis report “Ontario’s Economy Is Broken” (PDF) was published by the think tank Fraser Institute and released on May 8. It looks at how the growth in per capita GDP for the province has changed from 1981 to 2023. Report co-author Ben Eisen, senior fellow…
Is Canada in a recession? The data says were teetering on the brink. WSOC TV #CDNNews #Canadian #CanadaLife #CanadaNews #CanadaNewsToday
Is Canada in a recession? The data says we’re teetering on the brink. It’s safe to say none of us saw this mess coming. Who knew when Canadian grizzly bears went to sleep last fall amidst a concerned buzz over how the U.S. election would turn out, they would wake up in the spring to threats of annexation, a global trade war, plunging stock portfolios and a federal election with one of the highest voter turnouts in recent history?After all the ec…
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