
Is a recession coming, and how bad will it get?
The Big Story
00:00
Is This a Severe Recession?
A negative GDP is kind of the definition of one, but you also refer to a severe recession. This is a sequel, if you like, a painful sequel. The Bank of Canada is still indicating it's going to increase interest rates further. So I'm starting to see this confluence of negative influences that makes me think it could very well be a rather severe downturn.
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