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(Greg Locke/Greg Locke)
(Greg Locke/Greg Locke)

National Survey

Vast majority of Canadians believe country is in recession Add to ...

Canada is not technically in a recession, but to the vast majority of consumers, it feels like one.

Economists, Statistics Canada and the Bank of Canada have been telling Canadians the country has been out of a slump since mid-2009, and is now well into a period of expansion. But Canadians see things differently. Despite the economy’s relative strong health in a world marked by tumult, they are the most pessimistic they’ve been in over a decade – and fully 70 per cent believe the nation is in a recession, according to an annual tracking poll released Thursday.

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