Are We Heading Into A Recession? | The Safe Room

Send us Fan MailAfter dealing with an entire pandemic that resulted in lockdowns, vaccine mandates, restrictions to travel, and a short-term recession for businesses in the market, the rumor has come up that Canada may be experiencing a far more long-term recession shortly. However, we must ask ourselves if this possibility of a late 2022 recession will happen? This week on The Safe Room, I investigate this theory of Canada experiencing another recession according to economists and Canadian banks. We've noticed the pricing fluctuations in gas and food, a staggering employment rate, increased housing interest rates, and an overall decrease in housing sales. Is it fair to say that all these factors lie in Canada's most prolonged recession in the last 40 years? Or is the market readjusting due to the repercussions of the pandemic? Or, to take it a step further, should it take a possible recession for the Canadian government to address the disparity gaps in Toronto rather than ahead of time? This conversation looks to tackle all these issues and provide insight into the situation. Check out these articles to get more information on the possible recession:https://toronto.ctvnews.ca/is-canada-heading-into-a-recession-this-is-what-you-need-to-know-1.5961497https://www.mpamag.com/ca/mortgage-industry/business-growth/revisiting-the-90s-recession/287925https://globalnews.ca/news/8945800/canada-economy-recession-inflation-interest-rates/Listen to the official soundtrack to The Safe Room Podcast "First Lady" by yours truly. Available on all streaming platforms!Apple Music: https://music.apple.com/ca/album/first-lady-single/1584878267Spotify: https://open.spotify.com/album/0kXHY4OwMqe77PmTQNNJql?si=bOUXsztEQFOS8H7r9E2uKgYoutube: https://www.youtube.com/watch?v=M4BQsPC2d9wFollow me on Instagram (@thesaferoomofficial) and Twitter (@thesaferoompod)Listen to the full podcast on these platforms:Spotify - https://open.spotify.com/show/7Iu0Xw8O4HnfPjJ0eR96xL?si=X1jKRq0WTN2789NooJt6KQApple Podcasts - https://podcasts.apple.com/ca/podcast/the-safe-room/id1527292317Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yZTRlZjg0NC9wb2RjYXN0L3Jzcw?sa=X&ved=0CBUQ27cFahcKEwjA7f6on_DvAhUAAAAAHQAAAAAQCQAnchor - https://anchor.fm/shon-williams0Check out my website: www.thesaferoompodcast.comThe Safe Room is a podcast for open and in-depth conversations with those who want to share their perspectives willingly. Hosted by Shon Williams, The Safe Room is the perfect blend of social, cultural, and political issues related to our daily lives/communities, and stimulating/intriguing topics for the general listener.