Recession 2024 Canada. Freestone expects a “mild to moderate” recession through 2024 due to the slowdown of the economy and a quieting of canadian spending. It’s almost universally accepted that rate cuts are coming, but when, and by how much, is uncertain.

A stable and efficient financial system is essential for sustaining economic growth and raising standards of living. Canada looks set to dodge a recession despite the ongoing downward pressure from higher interest rates, deloitte canada said in its economic outlook report.