Economic Slowdown

• What is a ‘richcession’? And will it spare the economy from a full-blown downturn?

  While service sector workers were affected by restaurant and retail chain closures at the start of the pandemic, experts say the pendulum might be swinging the other way.

  Canada

  Aug 4, 2023
  
• Quebec’s pension fund manager reports loss of 5.6 per cent in 2022

  President and CEO Charles Emond stressed that the first half of the year was marked by the worst concurrent correction of stock and bond markets in 50 years.

  Canada

  Feb 23, 2023
  
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• Fill up now, analyst says, as gas prices are likely to jump soon in Saskatchewan

  There's more than the coming holidays raising spirits in Saskatchewan. Gas prices are at their lowest since early 2022. But one analyst says that trend could soon change.

  Canada

  Dec 16, 2022
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• China’s trade shrinks as COVID-19 restrictions, global slowdown impact demand

  On top of the global slowdown, frail domestic consumption will put more strain on China's economy for a while yet, analysts predict.

  World

  Nov 7, 2022
• Ottawa to present fall economic statement Nov. 3 amid fears of looming recession

  On Oct. 19, Freeland said that Ottawa will share with “some precision” its projections for the economy in its fall economic statement.

  Economy

  Oct 28, 2022
• Bank of Canada expected to announce another interest rate hike amid recession fears

  Wednesday's announcement would make it the sixth consecutive time the Bank of Canada raises interest rates this year in response to decades-high inflation.

  Economy

  Oct 24, 2022
• Is Canada facing recession? Freeland says fall fiscal update will reflect gathering storm

  "There are still some difficult days ahead for Canada's economy and for the economies of all of our friends and allies around the world," Freeland said in a speech in Windsor.

  Canada

  Oct 19, 2022
• Canada’s economy will ‘slow considerably’ in 2nd half of 2022, budget officer says

  As inflation slows and heads toward the central bank's target of two per cent, the PBO expects the Bank of Canada to begin lowering interest rates toward the end of next year.

  Economy

  Oct 13, 2022
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• B.C. finance minister calls for discretionary spending cuts to protect budget

  With fears of an international financial crisis around the corner, B.C. Finance Minister Carole James is asking for fellow government officials to cut discretionary spending.

  Economy

  Sep 26, 2019