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Canada headed for 'severe' and 'inevitable' recession in 2023: economist

Canada is headed for a 'severe' and 'almost inevitable' recession in early 2023, according to the head of economics at Macquarie Group, which states Canada will face an approximately three per cent contraction in gross domestic product and a five per cent rise in its unemployment rate during the predicted recession.

The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. (THE CANADIAN PRESS/Sean Kilpatrick)

Inside CTV News Saskatoon

Sask. 93-year-old golfer going strong

WATCH: A 93-year-old golfer is still enjoying participating in the province’s fitness association 55-plus games.

WATCH: A 93-year-old golfer is still enjoying participating in the province’s fitness association 55-plus games.

CTV News Prince Albert

Local Spotlight

CTV Morning Live

On the go with Dufresne Furniture & Appliances

We get all the details on Dufresne Furniture & Appliances biggest one day sale, this Saturday Oct. 1st.

We get all the details on Dufresne Furniture & Appliances biggest one day sale, this Saturday Oct. 1st.

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Indigenous Circle

Indigenous Circle: Oct. 2

WATCH: Nelson Bird brings you this week’s edition of Indigenous Circle.

WATCH: Nelson Bird brings you this week’s edition of Indigenous Circle.

Wheatland Cafe

Tomato Salsa

WATCH: CJ Katz demonstrates a couple of ways to make tomato salsa in this week's edition of the Wheatland Café.

WATCH: CJ Katz demonstrates a couple of ways to make tomato salsa in this week's edition of the Wheatland Café.

Crime Stoppers

Crime Stoppers: July 11

WATCH: Here's this week's message from Saskatoon Crime Stoppers.

WATCH: Here's this week's message from Saskatoon Crime Stoppers.

Political Roundup

Political Round-Up: Aug. 5, 2022

WATCH: Jim Farney talks about how the province is handling allegations of abuse at a Saskatoon school.

WATCH: Jim Farney talks about how the province is handling allegations of abuse at a Saskatoon school.

CTVNews.ca Top Stories

Bolsonaro, Lula head to runoff vote after polarizing Brazil election

Brazil's top two presidential candidates will face each other in a runoff vote after neither got enough support to win outright Sunday in an election to decide if the country returns a leftist to the helm of the world's fourth-largest democracy or keeps the far-right incumbent in office..