TORONTO – Canada is heading into a “mild” recession as high borrowing costs, an economic downturn in the United States and persistent inflation add to the country’s economic uncertainty, new research reveals. Deloitte Canada’s latest economic outlook, released Tuesday ahead of the federal budget, says tight monetary policy is set to constrict economic growth this year. But research suggests the recession won’t be as deep as previously expected, thanks to resilient labor markets, which keep incomes strong.  (more…)