Posthaste: Four risks that could tip Canada's fragile economy into a downturn

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Posthaste: Four risks that could tip Canada's fragile economy into a downturn
Bank Of CanadaMoody's AnalyticsCanada
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We're not out of the woods yet, according to Moody's Analytics

Well, fingers crossed, because according to a recent risk report from Moody’s Analytics a number of threats still bubble below the surface that could derail the soft-landing scenario.would have ground 670 daily flights and 110,000 daily passengers, along with air freight, with one economist estimating the impact to the economy at $1.4 billion if it went on for two weeks.

Though the federal government forced arbitration between rail workers and the railways in late August, the threat remains as the rail union is fighting for the right to strike in court. “A broader downturn in the labour market — extending beyond pockets of weakness such as higher unemployment among recent immigrants — could further depress consumer demand and pressure firms into cutting back on hiring to protect profits,” said Houston.Though the COVID-19 lockdowns have faded into memory, Moody’s sees pandemics as a rising risk.

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