ANALYSIS | The Canadian economy poised to recover in 2024

It’s been a long time since economic data in Canada showed very much promise. The last 18 months have been defined by a cost of living crisis and a slowing economy. But a handful of economic indicators give us some hope for 2024. Inflation has slowed dramatically, and the economy didn’t actually slip into recession. “We’ve just had one of the biggest declines in inflation that we’ve ever seen without a full-on recession. That’s great news,” said Douglas Porter, chief economist at BMO Capital Markets. “Now, can we get the rest of the way down to two per cent? Without much pain? That’s still the big question for 2024.” Last year was dominated by the double whammy of sharply rising interest r

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