In this new, reoccurring segment, our CIBC Economics team will offer up a quick take on the most pressing trends that impact our economy. Chief Economist Avery Shenfeld kicks off the series with his thoughts on Canada’s chances of avoiding a recession in 2023.
The Bank of Canada opted to not cut interest rates this week, which reflects a sluggish Canadian economy. But, as CIBC Chief Economist Avery Shenfeld says, more interest rate relief is likely on the way.