Down to Business podcast: Canada can’t escape a recession if the global economy heads south

Welcome to Down to Business, a weekly podcast from the Financial Post. It’s getting hard to ignore signs of the R word. Despite evidence of economic strength in Canada, business confidence is shaky, global manufacturing is slowing down and the U.S.-China trade relationship is volatile. So is a global recession imminent? And what does that mean for Canada? On Episode 17 of Down to Business, Manulife Investment Management’s Frances Donald, chief economist and head of macroeconomic strategy, speaks with Emily Jackson about whether the world is talking itself into a…

The IMF cut Canada’s growth outlook — but Deloitte says its forecast is still too optimistic

Canada’s growth prospects are bleaker than they were at the start of 2019, according to the International Monetary Fund’s latest outlook, which lands amid speculation over whether a global recession is coming. The IMF cut its growth estimate for Canada to 1.5 per cent in 2019, down from its previous estimate of 1.9 per cent growth in January, according to the World Economic Outlook report published Tuesday. Canada is not alone in the expected slowdown. In fact, the IMF cut its overall global growth forecast to 3.3 per cent for…