RE:RE:RE:The economy AlwaysLong683 wrote: I think they'll be a recession in either H2 2023 or H1 2024 in both Canada and the USA. The price to pay in bringing inflation down is rising interest rates. Each individual rate hike typically takes 6-12 months to make its way through the economy re. higher interest rates on mortgages (both variable rate and fixed rate mortgages that will be up for renewal soon), business and personal loans, credit card debt, etc. Does anyone really believe that after the BOC and the FED both raised interest rates by a total of around 450 bps, the economy will just go on its merry way onward and upward.....?
Recoveries follow recession, but I don't think either country is going to avoid slipping into recession first.
Don't count on a huge recovery in Canada , as long as , the Marxists are in charge of government policies. The Hugo Chavez economic model hasn't
done well in Venezuela.
Canada's largest oil refivery , Irving Oil , is discussing a sale or possible shut down because of the insane dictates of the convicted criminal Guilbault.