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.
Charges Laid in Crash that Killed Woman
The rollover crash happened on Highway 406 in 2025, passenger was ejected, driver charged
City Invests into Flood Relief
St. Catharines city councillors supporting $20-million for Emergency Flood Alleviation program
Police Looking for this Man, After Indecent Act
They say it happened in Fort Erie store
Drugs/Weapons Found in Traffic Stop
No signal and incorrect plates lead to drugs
NRP Want Help After Horses Hurt
It was just over a year ago a number of horses were injured at a boarding farm in Welland
Niagara Families Connected to Doctor
People waiting a long time cleared from waitlist
Teenager Hurt in St. Catharines Stabbing
Police say it is non life threatening, looking for who is responsible
One Driver Arrested of Two Hit and Runs
There were 2 separate cases in St. Catharines