Recession 2024 Canada What To Expect. Bnnbloomberg.ca spoke with economists who said they are expecting a downturn in early 2024 followed by a rebound later in the year if the bank of canada starts to cut interest rates. Recession is far less likely to happen in 2024 than 2023, and manufacturing and global trade are about to recover.

This research report expands on these. Although the economy has managed to avoid a recession, it’s seeing only very modest growth, which we believe will likely continue before we see some improvement by late 2024.