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.
Optimism Fading for Beluga Whales
Animal rights group director says a whale has been moved to Marineland's sick tank
Apartments Approved for Queenston Street
2,442 units, with commercial space, to be built where St. Catharines hospital was
3 Arrested After NRP Find Cocaine
Police searched 2 houses, after watching suspected drug activity
Police Looking for 2 Arsonists
A house in West Lincoln was lit up early Thursday morning
Niagara Health Funding Gone Up: MPP
Sam Oosterhoff says it's gone up over 42% over the last few years
Wainfleet Taxes Rise Next Year
The Township says a home valued at over $300,000 will pay another $134
OPP Appeal for Drivers to Come Forward
They understand a driver might not realize they might have hit someone or something on Highway 406 last week
Police Looking for Missing Teen
This isn't the first time Jada Balgobin was reported missing