Is Canada Entering a Recession?

Is Canada Entering a Recession?
A steel worker at a construction site in a file photo. Sean Kilpatrick/The Canadian Press
Philip Cross
Updated:
Commentary

Fears that Canada again was slipping into recession emerged when, on the heels of a small dip in October, jobs in November fell by the most for any month since the trauma of the 2008–09 global financial crisis. Such fears, never far below the surface, inevitably arose because these job losses coincided with growing uncertainty about the global economic outlook.

Philip Cross
Philip Cross
Author
Philip Cross is a former chief economic analyst at Statistics Canada and Munk senior fellow at the Macdonald-Laurier Institute.
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