Despite interest rates at a 22-year high, economists predict a soft landing for the Canadian economy this year, with no recession

Despite interest rates at a 22-year high, economists predict a soft landing for the Canadian economy this year, with no recession

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According to a monthly survey of 27 economists, the economy will stall in the second half of 2023 but will not contract. The Bank of Canada is expected to keep its overnight rate at 5% for the foreseeable future, with no rate cuts until April - Survey.

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