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.
Niagara Falls Preps for Ribfest
Ribfest mascot Piggy Smalls building hype for May 2-4 weekend
Hospital Deficits Getting Worse: Report
Report shows it grew substantially at Niagara Health over a 2-year period
Man Dies in Lincoln House Fire
Emergency crews called to the scene yesterday afternoon, the Ontario Fire Marshall is looking into the cause
Potential Niagara Parks Strike
The union says it's mainly for fair wages
Man Charged with Possessing Child Porn
Police made the discovering in St. Catharines home
Be Wary of Spring Time Scams: NRP
"Companies" will claim work is needed
Man Killed Walking Along QEW
OPP say he was hit near Fruitland Road, by more than one vehicle, asking drivers involved to come forward
Senior Charged with Hate Speech Crime
NRP say buildings in Niagara Falls were spray painted