Toronto Star: Is Toronto rotting at the core? Downtown foot traffic still 46% lower than before pandemic, study finds
Related News
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.
Financial Post: Bank of Canada policymakers at odds over when they can cut interest rates
Andrew DiCapua, senior economist at the Canadian Chamber of Commerce’s business data lab, is also expecting the Bank of Canada to continue holding rates through June, while taking the time to digest two more inflation updates, updated surveys on expectations and a federal budget.
Ottawa Business Journal: Ottawa’s ‘economic optimism’ means it is less likely to face recession, new report suggests
A new report from the Canadian Chamber of Commerce shows that more than 60 per cent of urban centres across Canada are likely facing recession — or “city-cession” — but Ottawa is one of the few major municipalities bucking the trend.