Even if Canada dodges a recession, look for higher interest rates for longer and stalled growth, says economist. Read more
Central 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.Article content
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Posthaste: Canada's so-called 'soft landing' may be harder than you thinkEven if Canada dodges a recession, look for higher interest rates for longer and stalled growth, says economist. Read more
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Posthaste: Canada's so-called 'soft landing' may be harder than you thinkEven if Canada dodges a recession, look for higher interest rates for longer and stalled growth, says economist. Read more
Lire la suite »
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