Bank Economists Warn Economy 'Worse Than a Recession'

to voice opinions, share images, get paid to report news and more! Canada's Big Five Banks anticipate there will be no to little growth in Canada's near future; economists warn current gloom will deepen into something worse than a recession. Where is the Canadian economy headed? Well. the economists who work for Canada's Big Five Banks are warning that the future is looking grim. They claim the domestic economy's current gloom will deepen into something worse than a recession. "You have to invent a new word to describe what we're in now," said Bank of Nova Scotia chief economist Warren Jestin. Jestin made his comments after the banks presented their perspectives at the Economic Club. "It's being driven through the financial markets into the real economy. All of those things suggest that it's entirely different than what you... [read full story]