Canada Is In Recession & “Overvalued” Real Estate Will Be Hard Hits: Oxford Econ
Canada's overstimulated economy is experiencing withdrawal from the end of low rates. Oxford Economics' warned investors the country is already in recession. It's expected to spend most of 2023 in recession, and will be a hit harder than its G7 peers. Highly indebted households and overpriced real estate shouldn't expect much relief either. Elevated inflation will limit stimulus and prevent cuts to interest rates in 2023. Canada Is Already In A Recession, To Be Worse Than…