Half of Canada expects a recession. Only 6% of businesses do. Budget for the gap, not the headline.

TL;dr: The Bank of Canada's third quarter surveys show about 53 percent of consumers expect a recession in the next 12 months, while only 6 percent of businesses do. Consumers expect prices to rise 4.03 percent over the next year and incomes to grow only 2.13 percent, and spending intentions fell 13 points. The useful response is not to predict which side is right. It is to build a budget with three scenarios, cut tiers, and triggers, so the decision is made in advance instead of in a panic....