While recession indicators are beginning to flash red and economic growth nearly stalled at the end of 2018, signs of strength remain
National Bank of Canada Chief Executive Officer Louis Vachon doesn’t see much prospect of a Canadian recession in the next six to 12 months — barring unforeseen circumstances.
While financial-market indicators of recessions are beginning to flash red and Canadian economic growth nearly stalled at the end of 2018, signs of strength remain. The nation’s labour market, for example, is off to a roaring start this year. Vachon also sees Quebec’s economy as faring better than the rest of Canada, helping justify the Montreal-based lender’s focus on the largely French-speaking province.
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