Recession 2024 Canada. As a result, canadians’ fears about a possible recession in 2024 have dropped since a year ago, though most canadians remain worried about the possibility,. Canada’s not (technically) in a recession.

They should see progress on. The bank of canada started reducing the benchmark overnight rate in june, and has since lowered it by 25 basis points at its july and september meetings, bringing the rate to 4.25% from 5% at the peak of the hiking cycle.