Is Canada Heading For A Recession 2024. Continued growth in canada’s labour market might see more canadians hold onto jobs even as the economy dips into a possible recession, according to a read of the latest. It emerged from the pandemic shock more quickly and more powerfully than many experts envisioned.
Recession is far less likely to happen in 2024 than 2023, and manufacturing and global trade are about to recover. For canada, a potential slowdown in 2024 could put pressure on the job market, particularly in sectors most affected by the downturn.