Economic Outlook
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Calgary’s economy expected to fare better than rest of Canada, with some headwindsStephen Poloz, former governor of the Bank of Canada and one of the speakers at Wednesday’s announcement, warned against being overconfident with the projections.CanadaNov 2, 2023
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Risk of ‘hard landing’ for global economy has ‘risen sharply,’ IMF warnsThe IMF has dimmed its outlook for the world economy this year amid high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks.EconomyApr 11, 2023
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World Bank raises 2023 growth outlook but warns on banking turmoil, oil pricesWorld Bank Group President David Malpass said on Monday that the lender has revised its 2023 global growth outlook slightly upward.EconomyApr 10, 2023
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PBO expects Bank of Canada done hiking rates, forecasts economic growth of 1% in 2023The PBO also predicts the Bank of Canada will keep its key interest rate target on hold at 4.5 per cent for the rest of 2023 before starting to cut in 2024.EconomyMar 2, 2023
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Manitoba government economic outlook predicts improving fiscal positionManitoba's economic growth is forecast at 0.9 per cent compared to 0.5 per cent nationally.PoliticsFeb 15, 2023
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Business confidence hits record low in Ontario, even lower in Hamilton and Niagara: OCCThe Ontario Chamber of Commerce’s latest economic report says business confidence has dropped mainly due to labour shortages and inflation.EconomyFeb 8, 2023
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2023 will ‘feel like a recession’ for many, IMF warns in revised global outlookThe International Monetary Fund said its latest World Economic Outlook forecasts show that a third of the world economy will likely contract by next year.EconomyOct 11, 2022
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Conference Board of Canada report paints a rosy picture of Guelph economyAccording to a report released by the think tank, the Guelph economy is expected to see real growth in gross domestic product of 3.9 per cent in 2022 and 2.3 per cent in 2023.EconomyJul 21, 2022
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Ontario fiscal watchdog projects smaller budget deficits than governmentOntario's fiscal watchdog is predicting smaller budget deficits over the next few years compared to those in the government's latest economic update.PoliticsFeb 8, 2022
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A marathon not a sprint: Alberta’s post-lockdown economy will be slow to recover, outlook suggestsATB Financial’s latest Alberta Economic Outlook suggests the province’s real GDP will grow by approximately 3.3 per cent in 2021, but indicates it will still be a long road to recovery.EconomyOct 8, 2020
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