The Globe and Mail: Consumer spending is a double-edged sword as Bank of Canada tries to control inflation
Higher interest rates are supposed to rein in consumer spending, but households aren’t cutting back the way central bankers wanted
Sudbury.com: Greater Sudbury lags in COVID employment recovery
Canadian Chamber of Commerce Chief Economist, Stephen Tapp, filled a local audience in on the 2023 Development Outlook, including various insights regarding the local economy.
The Globe and Mail: Population growth is propping up consumer spending numbers
The ability of Canadian consumers to keep spending, despite substantially higher interest rates, forced the Bank of Canada to resume hiking rates in June.