Canada Likely to Avoid Recession, Begin Recovering in Second Half of 2024: Deloitte

Canada Likely to Avoid Recession, Begin Recovering in Second Half of 2024: Deloitte
Deloitte signage is pictured in the financial district in Toronto, on Sept. 8, 2023. The Canadian Press/Andrew Lahodynskyj
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Canada looks set to dodge a recession despite the ongoing downward pressure from higher interest rates, Deloitte Canada said in its economic outlook report.

A number of worrisome trends are still weighing on the economy, Deloitte said, including sticky inflation, rising business insolvencies and increasing mortgage delinquencies.