With a recession seeming imminent, many Canadians are rightfully concerned about the state of their finances. Here are some ways you can be prepared for one.

January 23, 2024 - Canada’s economy hit a technical recession at the end of 2023 and will continue to struggle to grow in the new year, according to forecasts from the Canadian Federation of Independent Business.

The Forum’s economic briefing ... in November and December 2022. Since then, the World Bank has predicted a global recession for 2023, anticipating GDP growth of 1.7%, the slowest pace outside the 2009 and 2020 recessions ...

September 16, 2022 - WASHINGTON, September 15, 2022—As central banks across the world simultaneously hike interest rates in response to inflation, the world may be edging toward a global recession in 2023 and a string of financial crises in emerging market and ...

First, the inverted Treasury yield curve was "artificial." The inversion of the yield curve in the fourth quarter of 2022 was one of the most cited reasons for the recession occurring in 2023, especially with the Fed telegraphing more official rate hikes.

Geneva, Switzerland, 17 January 2023 – A majority of the World Economic Forum’s Community of Chief Economists expect a global recession in 2023, see geopolitical tensions continuing to shape the global economy, and anticipate further monetary ...

Many economists predicted a recession in 2023. But consumers flipped the script on the experts.

February 9, 2023 - Two-thirds of the economists polled by the WEF for its Chief Economists Outlook report said a global recession – a shrinking of the world’s gross domestic product – was likely in 2023.

December 22, 2023 - Last January, the Wall Street Journal ... drastic happens in the next few days, most of them got it wrong—2023 came and went with no recession in sight....

March 26, 2025 - The global manufacturing outlook ... the most likely scenario is still that the U.S. and Canadian economies will both enter mild recessions over the middle-quarters of 2023....

January 2, 2024 - Oxford believes the recession started in Canada in the third quarter of 2023 and will continue until the second quarter of 2024, resulting in a 1.1 per cent peak to trough decline in gross domestic product.

But while we may not be in a recession yet, we’re starting to see signs that economic growth is slowing. Forecasters at major Canadian banks are now predicting that Canada’s economy will experience two quarters of near zero or negative real ...

January 12, 2023 - A 2023 recession may be on the way, with economists predicting a 70% chance of economic downturn this year.

December 27, 2022 - This is going to be be a classic recession," said Tom Simons, money market economist at Jefferies. "The transmission mechanism we're going to see it work through first in the beginning of next year, we'll start to see some significant margin ...

November 18, 2022 - The ESR Group also expects declines in residential fixed and business investment, as well as slowing personal consumption growth, to contribute to negative growth in Q4 2022, and it continues to expect the economy to tip into a modest recession in the first quarter of 2023.

U.S. strategists expect a meaningful earnings recession of -16% for 2023 and a significant recovery in 2024.

January 24, 2023 - In a recent poll of economists, the World Economic Forum found that nearly two-thirds of the respondents believe there will be a recession in 2023.

September 12, 2023 - Signs point to a recession in 2023, not just in the U.S. but globally, though many experts remain hopeful it will not be too severe.

November 2, 2022 - A later recession is most likely, one beginning in late 2023 or early 2024.

October 1, 2023 - It works fairly well to match past calls. What it says about the future: There’s a better-than-even chance that sometime next year, the NBER will declare that a US recession began in the closing months of 2023.