Canadian Economy to Get ‘Back on Its Feet’ Next Year, Deloitte Canada Says

Canadian Economy to Get ‘Back on Its Feet’ Next Year, Deloitte Canada Says
Condo and office towers are seen in downtown Vancouver, on April 25, 2023. The Canadian Press/Darryl Dyck
The Canadian Press
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Canada’s near-term economic struggles will ease next year when growth returns and the Bank of Canada begins cutting its key lending rate, a new forecast from Deloitte Canada said.

A better-than-expected U.S. outlook and continued population growth here will offset some of the downward pressure from high household debt, soaring interest payments and stubbornly persistent inflation, the company said in its latest economic outlook report, released Thursday.