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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)

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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.

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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: Sept. 25

WATCH: Darrell Romuld brings you this week’s edition of Indigenous Circle.

WATCH: Darrell Romuld brings you this week’s edition of Indigenous Circle.

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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.

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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.

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King Charles III decides not to attend climate summit

King Charles III has decided not to attend the international climate change summit in Egypt next month, fuelling speculation that the new monarch will have to rein in his environmental activism now that he has ascended the throne.

Yemen's warring sides fail to extend UN-backed truce

The United Nations said Sunday that negotiations between Yemen's warring sides failed to extend a nationwide cease-fire, after an agreement was not reached before a deadline on Oct. 2. In a statement, the U.N.'s envoy to Yemen called on all sides to refrain from acts of provocation as the talks continue.

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.