This exuberance in the economy, however, along with global pressures, led to arguably the most pressing economic issue of the year: decades-high inflation.
Canadians and businesses facing higher borrowing costs are expected to pull back on spending more noticeably in the new year. Economists expect that process to slow inflation, though how quickly, is unknown. In its October monetary policy report, the Bank of Canada forecasted the Canadian economy will stall toward the end of year and into the first half of 2023. That’s in line with projections by many forecasters, though some are accounting for a recession in the new year.
Although Desjardins is one of the forecasters predicting a recession next year, Bartlett said it’s not all doom and gloom.
I remember 19% interest rates back in the past!
Good article.
It was a bumper year for the liberal regime and it’s donors, including the pharmacorps. This is Trutopia. Plan to pull yourself and your wealth out of the country sooner rather than later, this won’t end well.
Was great until the Gov't spending spree caught up to reality and then they continued on like nothing happened.
The rape of the taxpayer.
Strong year?
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