{"id":453559,"date":"2026-02-04T15:53:09","date_gmt":"2026-02-04T15:53:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/453559\/"},"modified":"2026-02-04T15:53:09","modified_gmt":"2026-02-04T15:53:09","slug":"canadian-economy-on-life-support-as-rate-cuts-fail-to-lift-growth","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/453559\/","title":{"rendered":"Canadian economy \u2018on life support\u2019 as rate cuts fail to lift growth"},"content":{"rendered":"<p>The economy is projected by the report to\u00a0contract at an annualized 0.5% in the fourth quarter, weaker than the Bank of Canada\u2019s flat\u2011growth forecast. Rosenberg argued that two contractions in the past three quarters were sounding clear alarm bells about a recession.<\/p>\n<p>\u201cInflation in this country is not really an issue. Virtually every underlying inflation measure is comforted within the Bank of Canada\u2019s comfort zone,\u201d Rosenberg said.<\/p>\n<p>In recent months, Deloitte Canada\u00a0<a href=\"https:\/\/www.mpamag.com\/ca\/mortgage-industry\/industry-trends\/deloitte-cuts-canada-growth-outlook-as-mortgage-market-bets-on-lateyear-lift\/561289\" rel=\"nofollow noopener\" target=\"_blank\">lowered its 2026 GDP forecast<\/a>\u00a0to 1.5% from 1.7%, pointing to soft investment, weaker population growth and a still\u2011uncertain global backdrop.<\/p>\n<p>For housing \u2013 and by extension, mortgage volumes \u2013 the message is equally stark. \u201cIf you look over the past year, residential construction expenditures are flat as a beaver tail,\u201d Rosenberg said, adding that expectations of renewed housing inflation after rate cuts had not materialized.<\/p>\n<p>\u201cHome prices in Canada nationwide have either been flat or negative sequentially for 10 months in a row, and are running negative two per cent year-over-year,\u201d Rosenberg said.<\/p>\n","protected":false},"excerpt":{"rendered":"The economy is projected by the report to\u00a0contract at an annualized 0.5% in the fourth quarter, weaker than&hellip;\n","protected":false},"author":2,"featured_media":453560,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[52,49,48,85992,44,157725],"class_list":["post-453559","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-bank-of-canada","tag-ca","tag-canada","tag-canada-economy","tag-news","tag-rosenberg-research"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/453559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=453559"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/453559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/453560"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=453559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=453559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=453559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}