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- For many Canadians, 2022 was a tough year as interest rates climbed, inflation soared and the economy slowed. Unfortunately, 2023 doesn't look like it will provide much respite. Analysts say a recession is looming and unemployment is expected to rise, all while prices remain high and interest rates bite into our purchasing power.
www.cbc.ca/news/business/2023-economic-forecast-1.6695497If you thought 2022 was bad, wait until you see what 2023 has ...
Dec 27, 2022 · 2023 could be another difficult year for the auto industry – here’s why. 2022 was challenging for the world’s major automakers, as supply chain disruptions made it hard to produce enough ...
- Inflation Will Continue to Dominate 2023
- Recession Forecast
- Should Bounce Back
Even seasoned forecasters have found this a tricky period to navigate. The economy is awash in contradictions and the data are quite noisy. "I'm coming up on my 10th anniversary as chief economist. I would say 2020 was the weirdest [year]," said BMO's chief economist Douglas Porter. "But this [year's] is a very odd cycle." He points to the end of t...
Most private sector forecasts in Canada now assume there will be some kind of a recession in early 2023. Those forecasts assume that it will be short and mild. But it doesn't take much to nudge a short and shallow recession into something much worse. In fact, researchers at Oxford Economics believe Canada has already slipped into a recession. "Cana...
That could lead to a faster bounce back in economic growth. And eventually, it would open the door to a reduction in borrowing costs. A recession has proven to be a pretty effective tool to bring down prices. When the economy shrinks, people don't buy as much stuff. When they don't buy as much stuff, prices begin to fall and rebalance with demand. ...
Dec 26, 2023 · The geopolitical given of a US response will be absent, fuelling authoritarian ambition, or a radical upending of the global order. 2024 could make 2023 seem rational and sober.
Dec 25, 2023 · Trudeau acknowledged in the interview that 2023 has been a difficult year for him personally. In August, he and his wife Sophie Grégoire Trudeau announced that they had decided to separate.
Dec 25, 2022 · As indications grow that Canada could be headed for a recession, Prime Minister Justin Trudeau has a warning for Canadians: next year will be “tough.”. In an International Monetary Fund (IMF ...
- Rachel Gilmore
Dec 15, 2022 · In a matter of weeks, the fate of 2022 for global equity markets moved from grim and uninspiring to okay but unsettling. The “Hope Phase” as coined by Goldman Sachs’ strategists seems to have already started. Meanwhile, the year has been difficult for both equity and bond investors.
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Jan 4, 2023 · Will inflation finally relent? Is your job safe as recession looms? Here's what to expect from the U.S. economy this year.
