Ex-Bank of Canada governors believe a soft landing is possible
BNN Bloomberg
A pair of former Bank of Canada governors believe Canada can expect a soft landing after the current economic downturn.
David Dodge, who served as the Bank of Canada’s governor from 2001 to 2008 and, told BNN Bloomberg that he thinks Canada’s economy will rebound from its period of weakness.
“Our view is that we will continue to weaken through the second quarter, maybe even into the third quarter, but then we’ll recover quite strongly as we get through 2025,” Dodge, who is now senior advisor at Bennett Jones, said in a Tuesday television interview.
Meanwhile, Stephen Poloz, a special advisor with Osler who served as Bank of Canada governor from 2013 to 2020, was not as bullish as Dodge, but told he BNN Bloomberg he also expects a relatively soft landing ahead for Canada after this rough patch.