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Are We In A Recession 2024 Canada In India. Canada’s not (technically) in a recession. Former bank of canada and bank of england governor mark carney told a senate of canada committee that canada likely will head into a recession next year but.

Canada looks set to dodge a recession despite the ongoing downward pressure from higher interest rates, deloitte canada said in its economic outlook report. 2024) with the economy now in a position of excess supply, we expect core inflation to continue to fall back to 2% by the middle of next year.