Is Canada in a recession right now? - CTV News

With inflation reaching astronomical levels, some Canadians may be concerned that rising costs will lead to a decline in economic activity and eventually trigger a recession. Experts, however, say this is unlikely to happen anytime soon.

Canadas annual inflation rate hit 7.7 per cent for the month of May, according to data released by Statistics Canada on Wednesday, the highest level of growth seen in nearly 40 years. With inflation … [+9007 chars]

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