The Globe and Mail: Cities’ downtown cores are hollowing out, but small towns and suburbs tell a different story
The downtowns of most major Canadian cities are still facing a substantial dip in foot traffic compared with prepandemic norms – but the opposite is true of smaller towns and suburbs within commutable distance of those cities, a new study shows.
Toronto Star: ‘Cracks beginning to show.’ Consumer spending plunges in Ontario as interest rate hikes start to hurt
“Do rates need to be higher? Or do we just need to wait longer for them to work? Increasingly, I think the answer is the latter,” economist says.
CEBA loan repayment deadline approaching, may threaten some businesses but not economy overall
For most of 2023, the small-business community has dreaded a major deadline for repaying the emergency loans that Ottawa doled out during the COVID-19 recession.