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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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FILE - This Sept. 11, 2018, file photo, shows a marijuana plant at in the coastal mountain range of San Luis Obispo, Calif. New York Gov. Andrew Cuomo signed a bill Monday, July 29, 2019 that softens penalties for possessing small amounts of marijuana and allows for the expungement of some past convictions. (AP Photo/Richard Vogel, File)