Canada’s economy is in a solid position. Jobs are being added in droves. GDP is expanding by more than almost anyone expected. And yet, if you ask around, a lot of Canadians think the country is either in or about to fall into a recession.
Even forecasters are a bit surprised by the resiliency of Canada’s economy.
“Most economists are a little bit befuddled by the fact that we have seen such a rapid and important rise in interest rates without having a bigger impact on the economy,” said Pedro Antunes, chief economist of the Conference Board of Canada.
The Bank of Canada
