The Sudbury Star: Expect some pain in 2023, economist tells Sudbury chamber
With record high inflation and rising inflation rates, economist Stephen Tapp isn’t anticipating a painless solution to 2023’s likely recession.
The Globe and Mail: Canada sheds jobs for the first time in nine months, unemployment ticks up to 5.2 per cent
“We know vacancy and job postings are still quite elevated relative to the pandemic. But this is clearly a sign that the big hiring binge that we had at the start of the year is over and momentum is slowing,” Stephen Tapp, chief economist at the Canadian Chamber of Commerce, said in an interview.
Financial Post: Businesses expect slower sales in short term as cost, labour issues persist: survey
Businesses expect subdued sales in the short term as they face continued cost and labour pressures, despite slowing inflation, according to a survey by the Canadian Chamber of Commerce.