Financial Post: Bank of Canada raises rate 75 bps and signals more hikes to come

While Canada’s economy has yet to dip into recession, new data from the Business Data Lab suggests that many of the country’s major cities are already heading into downturns known as “city-cessions.”

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.

Foot traffic in downtown Toronto has continued to fall significantly since pre-pandemic norms in 2020, as hybrid work persists and fewer residents travel to work downtown, a new study has found.