Canada has 30 per cent chance of recession

Canada has 30 per cent chance of recession

Canada has 30 per cent chance of recession There could be a national recession in Canada within a year according to David Madani of Capital Economics. In a note this morning Madani opined that if business investment was hit by 10 per cent due to the lower oil prices it could have a ripple effect through the economy which may cause recession. He noted that although exports are looking stronger they may not grow fast enough to offset falling oil revenue. Read the full story.