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Economy, Law & Politics

Vancouver economy set for 2023 slowdown as labour strains, interest rates take toll

Vancouver economy set for 2023 slowdown as labour strains, interest rates take toll

Think tank expects real GDP to expand 2.2% next year – down from 2.8% growth in 2022
Budget officer projects considerably slower economy, declining federal deficit

Budget officer projects considerably slower economy, declining federal deficit

OTTAWA — The parliamentary budget officer is projecting the economy will slow considerably in the second half of 2022 and remain weak next year as the Bank of Canada continues to raise interest rates.
Small businesses bullish on future growth despite recession concerns: KPMG survey

Small businesses bullish on future growth despite recession concerns: KPMG survey

TORONTO — A new KPMG survey has found Canada’s small and medium-sized businesses are banking on strong growth in the next three years, even as a possible economic downturn remains top of mind in the near term.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (18,206.28, down 10.40 points): Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down 35 cents, or 0.48 per cent, to $72.51 on 9.
Fed voiced determination at last meeting to curb inflation

Fed voiced determination at last meeting to curb inflation

WASHINGTON (AP) — Federal Reserve officials at their last meeting stressed their commitment to taming “unacceptably high’’ inflation before announcing that they were raising their benchmark interest rate by a substantial three-quarters of a point for
North American markets slightly down as investors wait for inflation data

North American markets slightly down as investors wait for inflation data

TORONTO — Stock indexes in Canada and the U.S. ended the day slightly down as markets adopted a holding pattern ahead of U.S. inflation data expected Thursday.
A list of major corporate sponsors that have pulled support for Hockey Canada

A list of major corporate sponsors that have pulled support for Hockey Canada

Hockey Canada is continuing to lose major sponsorships as the fallout from its mishandling of sexual assault allegations deepens.
Recession not guaranteed: B.C. braces for ‘bumpy’ ride

Recession not guaranteed: B.C. braces for ‘bumpy’ ride

Downturn or recession? Experts debate the severity of economic shock ahead