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.
Region Trims More from Budget
A further look by Chair Bob Gale and staff dropped the increase to 6.3%
Cold Weather Policy for Homeless Not Changing
Niagara's public health committee shown the system works
Niagara Falls Handling Salt Shortage
The city says there's a North America wide shortage
Man Killed in Tent Fire
Update: Police were called to Mountain Locks Park
Region Updated on Measles Outbreak
Health committee told more work is needed, but gave nod to health care workers for their efforts
St. Catharines Draws X Through X
The city has decided to stop using the social media platform
Police Looking for Laundry Thief
They say she stole some money last month
Toronto Man Charged with Trafficking
Police made the arrest with help from Niagara Parks police, finding fentanyl and cocaine earlier this week