The signs of a recession becoming imminent in Canada are starting to pop up everywhere, and economists are not predicting a soft landing, but rather a bumpy one as the Bank of Canada continues its months-long fight against inflation by raising interest rates. The Bank of Canada has increased its key rate by 300 basis points since March to 3.25 per cent and on Sept. 7 it signalled that more hikes are coming, which will likely further dampen the housing market and the overall economy.

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