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.
Car Crashes into Welland Home
Police say no one was hurt
3 Drivers Charged with Stunt Driving
Police caught them on 3 separate times
4 Suspects Wanted in Home Invasion
Police caught an 18-year old
Moyer Farms Making $12M Investment
New state-of-the-art facility being built in Lincoln.
Niagara Falls Going Green for St. Patrick's Day
A beloved annual celebration throughout much of the world.
St. Catharines RIDE Campaign
One driver was nabbed for impaired operation of a motor vehicle.
Davies Challenges Gov't on EV Support
Niagara South MP told parliament of problems at 2 Niagara EV plants
Welland's Plan for Hospital Contribution
City council voting for multi-year plan to pay for its $17.8-million portion of South Niagara hospital