rennie landscape Fall 2023

economy

The possibility of Canada heading for a recession was oft-discussed in 2022; that conversation has been more muted of late, though some indicators suggest that an upcoming recession is now more likely.

RECESSION DISCUSSIONS EBBS AS RECESSION INDICATORS FLOW

1.00

0.80

0.60

0.40

0.20

0.16

0.00

-0.20

-0.40

-0.60

-0.80

-0.84

-1.00

2018

2019

2020

2021

2022

2023

FREQUENCY OF “RECESSION” GOOGLE SEARCH

YIELD CURVE

DATA: DIFFERENCE BETWEEN 10-YR AND 2-YR BOND YIELDS & FREQUENCY OF "RECESSION" GOOGLE SEARCHES, CANADA

SOURCE: STATISTICS CANADA. TABLE 10-10-0122-01 & GOOGLE

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