Canada Economic Recession 2024. After a year of surprising resilience in the face of high interest rates, canada’s economy enters 2024 in an uneasy state. Inflation has fallen from its june 2022 peak of 8.1 per cent to 2.9 per cent in january and to 2.8 per cent in february 2024.

After a year of surprising resilience in the face of high interest rates, canada’s economy enters 2024 in an uneasy state. “sometimes a recession is just a recession.” assuming a mild downturn in the u.s., the report forecasted 0.7% growth for the u.s.