Are we headed for a recession?
There have been some gloomy economic headlines lately as stock indexes like the TSX and Dow drop and Canada’s unemployment rate goes up for the first time in months. This, as central banks continue to raise interest rates to combat inflation, which — while showing signs of slowing — remains high. Today, CBC business reporter Pete Evans brings us a closer look at whether a recession is near, and the role that central banks — including the Bank of Canada — play.
Front Burner · CBC
September 29, 202220m 40s
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Show Notes
There have been some gloomy economic headlines lately as stock indexes like the TSX and Dow drop and Canada’s unemployment rate goes up for the first time in months. This, as central banks continue to raise interest rates to combat inflation, which — while showing signs of slowing — remains high.
Today, CBC business reporter Pete Evans brings us a closer look at whether a recession is near, and the role that central banks — including the Bank of Canada — play.