ATB Financial’s deputy chief economist expects Alberta and Saskatchewan to “stand out” among other provinces in 2023 in light of an expected recession.
But the ATB economist acknowledged there are some headwinds to be addressed.
Alex Grassino, Manulife’s head of North American macro strategy, forecasts a recession to hit Canada into the first two quarters of 2023, driven by inflation and the central bank’s monetary policy response.Alberta could be global powerhouse for plant-based foods but more support needed: industry insiders
Grassino said the latest headline inflation numbers – 6.9 per cent – is “stubbornly strong,” but said there is “light at the end of the tunnel” coming when the Bank of Canada is expected to stop hiking rates around mid-2023.“An important part of that, really, is that when we get to the end of the hiking cycle, people can start to plan. It’s a lot harder to figure out what you want to do if you don’t know how much you’re going to have to pay to do it.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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