There are growing concerns a recession will hit Canada sooner than first predicted. There are already worrying signs — a housing market slowdown, scorching inflation — and rising interest rates. Many economists are predicting a mild recession will start in the first quarter of 2023. But will the threat of an economic downturn put a damper on holiday spending? Sarah Offin reports.
- Holiday spending in Canada expected to fall amid recession concerns: report
- How could a recession affect Canadians? What you should know
- Holiday shopping: Canadians can expect sales ‘very early’ this year. Here’s why