Canada's Recovery Forecasted by Deloitte for Late 2024

Monday, 1 April 2024, 11:09

Deloitte foresees a positive outlook for Canada's economy amid persisting challenges such as inflation, business insolvencies, and mortgage delinquencies. The recovery is expected to kick off in the latter part of 2024, suggesting a promising turnaround on the horizon.
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Canada's Recovery Forecasted by Deloitte for Late 2024

Deloitte Predicts Economic Recovery for Canada

According to a recent report by Deloitte, the Canadian economy is poised to bounce back in the second half of 2024, despite ongoing concerns.

Key Trends Impacting Canada's Economic Landscape:

  • Inflation: The persistent inflation levels remain a challenge for the economy.
  • Business Insolvencies: The rising number of business insolvencies is a cause for worry.
  • Mortgage Delinquencies: Increasing rates of mortgage delinquencies are a pressing issue.

The insights provided by Deloitte shed light on the potential hurdles and opportunities ahead for Canada's economic recovery.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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