recession watch

Ottawa (Rajeev Sharma): Canada’s economy is effectively “on life support” and facing a clear recession risk in 2026, according to economist David Rosenberg, who says the Bank of Canada (BoC) will be forced to cut interest rates further to prevent a deeper slowdown. In a new report titled Canadian Economy on Life Support, Rosenberg Research warns that despite aggressive monetary easing since 2024, economic momentum remains weak. The Bank of Canada has slashed rates by 275 basis points from a peak of five per cent, yet per capita GDP continues to decline and overall economic growth is stuck at around…