For many Canadians, 2022 was a tough year as interest rates climbed, inflation soared and the economy slowed. Unfortunately, 2023 doesn’t look like it will provide much respite.
Analysts say a recession is looming, unemployment is expected to rise, all while prices remain high and interest rates bite into our purchasing power.
“We could be in store for a bit of a doozy [of a year],” said Royce Mendes, the managing director at Desjardins Capital Markets.
