Key Themes for Canada in 2023: A year in recession
Canada has likely just entered a moderate recession that will last for much of 2023. Prevailing household debt and housing imbalances will mix with pandemic and geopolitical forces to make Canada’s recession deeper than most advanced economies. We expect GDP will contract by 1.3% in 2023, well-below consensus expectations, with six key themes featuring prominently.
Tony Stillo
Director of Canada Economics
Tony Stillo
Director of Canada Economics
Toronto, Canada
Tony Stillo is the Director of Canada Economics at Oxford Economics. He leads the team responsible for preparing the macroeconomic forecast for Canada using Oxford Economics’ Global Economic Model, reporting on key data releases, as well as producing and presenting research on key issues affecting the Canadian economy. Prior to joining Oxford Economics in 2018, Tony spent much of his career at the Ontario Ministry of Finance where he most recently led a team responsible for economic modelling, forecasting and impact analysis.
Michael Davenport
Economist, Canada
Michael Davenport
Economist, Canada
Toronto, Canada
Michael is an Economist with a particular focus on the Canadian economy. He primarily supports the Director of Canada Economics in producing macroeconomic research and forecasts, monitoring the Canadian economy, and liaising with clients and the media.
Michael first joined Oxford Economics Canada as an Economic Research Analyst Intern in the Toronto office in early 2019 and has since been promoted to an Economist. Michael holds a Bachelor of Arts in Economics and Financial Management from Wilfrid Laurier University.
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