Canada: No Real Signs of a Recession

The growth of the Canadian economy has noticeably slowed in recent months. As in other parts of the world, this is intensifying the concerns associated with a possible recession in Canada, where uncertainty remains high, especially with respect to the trade tensions. However, the recent change in the economic and financial indicators is reassuring for Canada. Even if some of the indicators have slowed in recent months, their levels remain, for the most part, quite distant from those seen during past recessions. Under these circumstances, the most likely scenario is that the economy will grow moderately in the quarters ahead. The situation will nevertheless have to be watched closely in the coming months.