Is Canada in recession? Statistics Canada recently released data showing that inflation rose to 7.7% year-on-year in May, up from 6.8% in April. This was the highest reading since January 1983 and well above the 7.3% expected by economists. The inflation index rose 1.4% from the previous month, with gasoline prices, hotel prices and car prices being the main reasons for the rise in May. Many economists believe core measures are a better indicator of underlying price pressures, as it excludes food and energy costs. The recent average of this measurement, according to Statistics Canada, increased to 4.73% which is the highest level in the last 32 years! The worst news, their inflation expectations are not stopping. In this Brandon’s Blog, I discuss is Canada in recession and look at what effect it might have on Canadians. Is Canada in recession? What is a recession? In the most basic terms, a recession is not only when economic growth is curtailed but is a period of eco...