ICYMI: 'All but set in stone': More economists join chorus predicting a Canadian recession — via financialpost News Economy recession
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Canada’s unemployment rate jumped to 5.4 per cent in August, and RBC expects further increases in unemployment as the broader economic backdrop deteriorates. “We expect the year ahead to bring recessions for Canada, the United States, the Euro area, and the United Kingdom,” RBC’s team, including chief economist Craig Wright, said in a note. “That said, we expect the coming downturn in Canada will be ‘moderate’ by historical standards.
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