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Business & Economics

EDITORIAL: Freeland’s ‘vibecession’ looks like a recession

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Stephen Poloz , Bank of Canada governor from 2013 to 2020 , says we're in a real economic downturn.

Statistics Canada reported last week that our economy grew at an annualized rate of 1% in the third quarter of 2024 .

Poloz said this was largely due to the high immigration policies of the Trudeau government.

On a per-capita basis, our economy has contracted for six consecutive quarters .