2024 Recession Canada. Household spending per person in canada is falling at a pace only previously seen during recessions. New figures released this week show canada's population surpassed 41 million people in the first quarter of 2024, less than a year after the population hit 40 million last summer.

Although the economy has managed to avoid a recession, it’s seeing only very modest growth, which we believe will likely continue before we see some improvement by late 2024. Inflation has fallen from its june 2022 peak of 8.1 per cent to 2.9 per cent in january and to 2.8 per cent in february 2024.