Conference Board of Canada Report
Pandemic, Inflation, and War: Assessing the Risk of Recession for Canada
| The Conference Board of Canada, August 15, 2022 Issue Briefing by Pedro Antunes |
| Despite the many current challenges facing our economy, we believe high commodity prices, high job vacancy rates, and high consumer savings levels will help Canada avoid a recession. Document Highlights The ongoing pandemic, inflation, and war have sent shockwaves through the Canadian and global economies, leading to concerns about recession. Market expectations built into the yield curve suggest the probability of a recession in Canada over the next 12 months stands at about 50-50.It is challenging right now to forecast where the economy is headed, given the global situation and the many risks it poses. Those risks include a loss of credibility in central banks’ ability to quell inflation; a collapse in asset values due to higher interest rates; further COVID-related health measures; and an escalation of Russia’s war on Ukraine. However, Canada’s labour market is tight, household savings levels are high, and business profits are solid. Based on these factors our call is that Canada will avert a recession. Table of Contents Key Findings Is Canada’s Economy Headed Into a Downturn? What Could Possibly Go Wrong? Reading the Tea Leaves Final Thoughts Here is the link to the article |
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Business Mentor & CEO at Grow Vantage & Ask For Directions Training
Business Mentor at Ask For Directions Training and Grow Vantage
Patricia is the Business Mentor and owner of Grow Vantage and a Past President of the Barrie Chamber of Commerce. She applies over 30 years of business experience (from start-up to corporate) to mentor entrepreneurs. Since 2011, she has held over 6,500 coaching and training sessions in-person and online. Through Ask For Directions Training, her entrepreneurial training program (and parent company Grow Vantage), and as a business coach, she works with start-ups who are new (or who have lost traction) to design, launch and grow their businesses. Along with 20 other expert instructors she teaches strategies in marketing, sales, communications, and finance, as well as practical techniques to increase productivity, and manage their businesses. In other words, everything entrepreneurs need to learn to grow and run their businesses successfully, and avoid the costly mistakes they can't even see coming - that lead to delays in growth and getting stuck.
Patricia is the Business Mentor and owner of Grow Vantage and a Past President of the Barrie Chamber of Commerce. She applies over 30 years of business experience (from start-up to corporate) to mentor entrepreneurs. Since 2011, she has held over 6,500 coaching and training sessions in-person and online. Through Ask For Directions Training, her entrepreneurial training program (and parent company Grow Vantage), and as a business coach, she works with start-ups who are new (or who have lost traction) to design, launch and grow their businesses. Along with 20 other expert instructors she teaches strategies in marketing, sales, communications, and finance, as well as practical techniques to increase productivity, and manage their businesses. In other words, everything entrepreneurs need to learn to grow and run their businesses successfully, and avoid the costly mistakes they can't even see coming - that lead to delays in growth and getting stuck.
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