Even if Canada dodges a recession, look for higher interest rates for longer and stalled growth, says economist. Read more
“It’s worth noting that a soft landing is still only a mixed blessing for investors, workers and those seeking re-election in North America,” Shenfeld said in CIBC Capital Markets’ weekly note.strong job numbers CanadaCentral bank rate increases aim to push the job vacancy rate down and unemployment rate up and a final hike in September has not been ruled out.
Equities that are sensitive to interest rates and the bond market will have a tougher time because without a recession interest rates are likely to stay higher for longer. A soft landing involves much less economic slack, forcing central banks to be more cautious about stimulating the economy by cutting rates.
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