A Canadian dollar coin, commonly known as the “Loonie,” is pictured in this illustration picture taken in Toronto on Jan. 23, 2015. Mark Blinch/Reuters
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The Canadian economy is likely to avoid a technical recession—defined by two quarters of negative GDP growth—in 2025, according to a report by Deloitte Canada.
“We expect the economy to limp along in the third quarter but now think that a technical recession can be avoided with growth rates running below-potential but still on the positive side of the ledger,” the Sept. 29 report said.
Matthew Horwood is a reporter based in Ottawa.
