More than one-third of stock analysts are anticipating a recession by the end of 2025, according to a Bank of Canada survey.
Thirty-five percent of the respondents in the central bank’s Market Participants Survey said it is “probable” the Canadian economy will enter a recession within six months, as first reported by Blacklock’s Reporter.
The quarterly survey, which polls representatives from banks, dealers, pension funds, insurers, and asset-management and research firms, found that an additional 30 percent of respondents said a recession is likely within 12 months.
The survey results come shortly after Bank of Canada Governor Tiff Macklem said the bank is not anticipating a recession in 2025….