10 interest hikes and a 1,900% increase in the Bank of Canada rate, with mortgage prices swelling by a factor of four, the Canadian economy is flatlining. Like, not growing. In fact it might have slipped a tad in Q3, which means we might be – maybe, perhaps, but only gently – in a technical recession.
https://www.greaterfool.ca/2023/10/31/to-shock-or-not/