Recession predicted for the first quarter of 2023.
The Canadian economy could be headed towards a recession early next year.
Experts from the Royal Bank of Canada say the country could be in a recession during the first quarter of 2023.
Economists Nathan Janzen and Claire Fan say housing markets have cooled sharply, and employment is down by 92,000 over the last four months.
The pair also predict interest rates will jump to four percent in Canada and 4 and a half percent in the US.
NRP Warn of Financial Institution Scam
They say criminals phone someone, and attempt to get access to credit or debit cards
MPP Demands Local Workers for Skyway
Jennie Stevens accused the government of selling jobs to the lowest foreign bidders as it prepares to build another bridge
MPP Calls Out "Gov't Meddling"
Wayne Gates says the Ontario government shouldn't be picking out new Regional Chair, after the death of Jim Bradley
Port Colborne Considers Growth Plan
It's meant to help with growth of infrastructure in the East Side Employment Lands district
Man Arrested in St. Catharines Home
Police closed off a number of roads today
Woman's Body Found in Park
Update: Police confirm it was a murder, after a woman's body was found at Charles Daley Park this week, with traumatic injuries
New Home For Marineland Whales Possible
Federal government still has to approve the idea in Nova Scotia
Downtown Buildings Not Used Properly: Mayor
Jim Diodati says there are things they want to improve on