The country’s economic engine continued to sputter in the fourth quarter, according to Royce Mendes, Desjardins’ managing director and head of macro strategy. He expects the economy to post “virtually no growth” in the fourth quarter and continue to stagnate. As more households and businesses feel the impacts of higher interest rates in 2024, we expect Canada to fall into at least a mild recession. So while the economy is sputtering now, it might begin rolling backwards early in the new year.
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Published August 4, 2026 If you spent the long weekend refreshing WestJet's flight status page, you can exhale a little. Early Monday morning, WestJet and the Canadian Union of Public Employees (CUPE) Local 8125 reached a tentative agreement, ending the strike that grounded most of the airline's mainline fleet starting August 2. Both the strike notice and WestJet's lockout notice have been withdrawn. That's genuinely good news if you have an upcoming WestJet booking. But "the strike is over" doesn't mean "everything is back to normal today." Here's what actually changes for your money and your travel plans. What actually happened About 4,400 WestJet cabin crew walked off the job at 12:01 a.m. Mountain Time on August 2, after contract talks broke down over unpaid ground duties and the airline's flight-credit pay system. WestJet responded with a matching lockout notice, and between the two, the airline's normal schedule of roughly 600...
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Canada’s economy continues to sputter in Q4 2023
According to Statistics Canada, Canada’s economy showed no growth in October, remaining unchanged at 0.0% on a monthly basis, which is below analyst expectations of 0.2% growth . This marks the third straight month where economic growth was essentially unchanged. Advance estimates for November showed that GDP increased 0.1% last month, as increases in manufacturing, transportation and warehousing, agriculture, forestry, fishing and hunting were partially offset by decreases in retail trade .
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