Canada’s Unemployment Will Go Past 7% This Year — but No Recession: OECD - National

Canada’s unemployment will go past 7% this year — but no recession: OECD - National

A new report from the OECD projects Canada's economy will lag behind other developed nations due mainly to the trade war, but narrowly avoid a recession.

As the new government prepares for a historic trade battle with the United States, the Organisation for Economic Co-operation and Development (OECD) reminds it in a report published on Tuesday that the country suffers from older economic problems, such as low productivity, the housing crisis and difficult adaptation to climate change.

Canadas unemployment will go past 7% this year but no recession: OECD – National

The Canadian economy may narrowly avoid a recession this year, but the outlook for growth and the job market is still expected to take a hit from the trade war, according to the latest report from the Organization for Economic Co-operation and Development. In its Canada economic survey, the OECD outlines key areas that are already slowing or forecast to decline this year, including per capita GDP, housing affordability, adapting to climate chang…

Productivity, housing, climate key for Canada: OECD

Negative economic shock from U.S. increases urgency of long-standing challenges The post Productivity, housing, climate key for Canada: OECD appeared first on Investment Executive.