Monthly Economic Letter

In the current issue:

• The economy looks healthy. Why all the talk about a recession?

According to many indicators, the Canadian economy is doing well. Unemployment is at an all-time low, quarterly profits are strong, housing construction is on track, retail sales continue to rise and gross domestic product is growing solidly. Yet, the question of whether the economy will soon enter a recession is of increasing concern to many Canadians. Some economists have already sounded the alarm for 2023. What could trigger the next recession? Could it have already started? Read more