Risk of 'technical' recessionIn a report issued Friday, TD Bank's DePratto suggested Canada is at risk of a "technical" recession, but not so much at risk of a "real" one. In a "technical" recession, the economy would shrink for two or more consecutive quarters, but with only limited impact to the job market. "We need only look back to 2015 to find evidence that Canada can indeed experience a 'technical recession' while the U.S. continues to expand," DePratto wrote. Interest rates on hold for nowStill, most economists aren't expecting anything worse than a "technical" recession. Most of the big bank economists agreed that the slowdown means the Bank of Canada will no longer be in a hurry to raise interest rates.

Source: Huffington Post March 01, 2019 16:41 UTC