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Webinar
Canada Economic Outlook: Economy stalls as hard landing inexorably grinds nearer

with Tony Stillo and Callee Davis | Online | October 5, 2023

Canada's economy has now likely fallen into the recession that we have long been expecting. Growth stalled in two of the last three quarters and momentum entering Q3 was weak. Key imbalances – highly indebted households and overvalued house prices – can't evade the coming full impact of the Bank of Canada's aggressive hike in the policy rate. An imminent consumer pullback, combined with a deepening housing correction, will finally push the economy into recession.

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Podcast
Canada Economic Podcast – March 2023

with Tony Stillo and Michael Davenport | Online | March 9, 2023

Canada’s housing market is in the midst of an historic correction. Home prices are already down about 15% from early 2022 highs and home sales have plummeted by more than 40%. With mortgage rates now peaking, the question on everyone’s mind is – How much longer will the housing downturn continue? In this podcast, Tony Stillo, Director of Economics for Canada, and fellow Economist, Michael Davenport discuss the outlook for Canada’s housing market and why they believe the correction in housing hasn’t yet run its full course.

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Webinar
Key Themes for Canada in 2023: A year in recession

with Tony Stillo and Michael Davenport | Online | January 26, 2023

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.

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