Deloitte forecasts short-lived recession in 2023, but says job losses shouldn’t be severe – National

A tight labour market and elevated savings during the pandemic will cushion the impact of a recession on Canadians, says a new report from Deloitte. Deloitte’s most recent economic outlook report forecasts Canada will enter a short-lived recession by the end of the year. The report says while rising interest rates will cause a significant […]

Recession fears put housing plans on hold for 41% planning to buy or sell: Re/Max – National

Many Canadians worried about a looming recession will be standing on the sidelines of the housing market this fall, according to new polling prepared for Re/Max Canada. The real estate brokerage released the polling alongside its fall housing market outlook on Wednesday, which forecast a continued cooling in both prices and sales activity for most […]

Recession Fears Save Pharma From Drug-Pricing Concerns

Under ordinary circumstances, the pharma industry would look like a bad place to park your money right now.  The government is working to suppress drug prices through a recently signed law, and the industry is staring at a patent cliff worth more than $200 billion later this decade, as blockbuster drugs face competition from generics. […]