Canada’s GDP Growth ‘Not Sufficient,’ FCC Economist Says
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Canada’s GDP growth ‘not sufficient,’ FCC economist says
Canada may be in a technical recession, but it doesn’t feel like one, says an economist. “It’s too early yet to say we’re in a recession,” Des Sobool, deputy chief economist with Farm Credit Canada, told delegates attending Seeds Canada’s 2026 annual meeting. A recession is defined as two consecutive quarters of decline in a country’s gross domestic product. The Canadian economy shrunk by one per cent in the fourth quarter of 2025 followed by a …
According to forecasts by PKO BP economists, after a 3.5% GDP growth in 2026, this figure will drop to 2.8% the following year. Analysts point to a specific reason for the announced slowdown: the expiration of investments financed by the National Reconstruction Plan.
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