Recession 2024 Canada What To Expect. Statistics canada’s flash estimate for may shows 0.4 per cent gdp growth is expected for the month. Oxford believes the recession started in canada in the third quarter of 2023 and will continue until the second quarter of 2024, resulting in a 1.1 per cent peak to trough decline in gross domestic product.

Will recession come to canada? 1) markets already pricing a substantial cutting cycle;