Canada is not in for a recession this year “but a soft landing.”
That’s the word from Pierre Cléroux, chief economist of the Business Development Bank of Canada, who served up his economic forecast at a Surrey Board of Trade luncheon at Northview Golf Course on Feb. 1.
“Growth is going to be below one per cent, so there’s not much growth especially if you look compared to 2021-22 this is quite modest growth but the economy will continue to grow anyway, especially the second part of 2024,” Cléroux said.