Canadians are nervous the nation’s economy is veering toward a recession next year. In a survey for Bloomberg News by Nanos Research Group, 56% of Canadians said there’s at least a “somewhat likely” chance a recession will hit in 2020 — a sentiment broadly held across regions, gender and age. Only 34% said a recession is unlikely, with 10% unsure.
In the corridors of corporate Canada, Finance Minister Bill Morneau tends to inspire equal measures of grievance and hope.To some, the former Bay Street executive hasn’t sufficiently defended the interests of business at a cabinet table that may be the most left-leaning and activist in a generation under Prime Minister Justin Trudeau. To others, his status as an outsider is what makes him so valuable — a pro-business bulwark in a government that’s often more interested in tackling social issues and climate change.
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