Canada’s Economy to Follow US Into a Recession? Bankruptcies Up, Yield Curve Inverts

Canada News

Canada’s economy is showing major signs of a slowdown, potentially following the United States into a recession. With employment slowing, GDP flattening and the yield curve inverting, the higher cost of borrowing is weighing heavily on the Canadian economy, with worries growing it will follow the U.S. into an economic downturn.

Credit Mark Mitchell – Mortgage Broker London Ontario