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Canada has 30% chance of entering recession, former Bank of Governor predicts

Summary
A former Bank of Canada governor is predicting Canada has about a 30 per cent chance of falling into a recession, amid growing global economic pressures. The ongoing war in the Middle East — with blockades in the Strait of Hormuz and damage to production facilities — is taking a striking toll on the global economy, sending fuel prices soaring and risking a global energy crisis.

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Canada has 30% chance of entering recession, former Bank of Governor predicts

A former Bank of Canada governor is predicting Canada has about a 30 per cent chance of falling into a recession, amid growing global economic pressures.

·Canada
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CTV News broke the news in Canada on Sunday, April 19, 2026.
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