Financial Post: Posthaste: These Canadian regions are headed for ‘city-cessions’ — a sign Canada may not be far behind
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.”
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
The Toronto Star: Toronto restaurants see double-digit decline in people dining in, suggesting pullback in discretionary spending
The volume of seated diners at restaurants in the city has been declining year-over-year since June, according to OpenTable data.