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.

Big Night Out Raises Over $100,000 for BBBS Oxford
Deadline Looms for RRHS Online Survey
Charity of Choice Applications Open for 2027
SUV Stolen in Waterford
Ingersoll Church Looking for Affordable Housing Partnership
Youth Charged in Hate Motivated Crime
Oxford Hospitals Receive Funding for Life Saving Surgeries
Interview with the Mayor - November 2nd, 2026
Oxford Leaders Release Joint Statement Regarding Landfill Legislation
PJHL Recap - Oct 30th to Nov 1st
Navy Vets Recap - Nov 1st
United Way Burger Battle Begins!
Oxford County Releases Survey Results
Cheese and Cheers Coming to Woodstock
PJHL Preview - Oct 30th to Nov 1st
Daylight Saving Time Ends Sunday
Halloween Safety Tips from WPS
Patrick Stewart Dead at 86
SWOX Crash Results in Minor Injuries
Comments
Add a comment