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.
Grimsby, Port Colborne Honour Remembrance Day
Services also held in Niagara Falls, St. Catharines
St. Catharines Man Charged with Drug Dealing
Police say they've been investigating an individual over the last few months
Wainfleet Man Wins Lottery... 1st Time
He says his wife didn't believe him, she then rolled over and fell back asleep
MP Plans to Hear More Vaccine Injury Stories
Dean Allison, of Niagara West, says many people didn't get to speak in September
Cash Registers Stolen in Thorold B&Es
Motel Fire Considered Suspicious
Fire fighters were called last week to a motel in Niagara Falls
Frank Campion Named Niagara Regional Chair
Niagara Businesses Discuss Tariffs at Event
Canada's new consul general in New York gave presentation