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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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SPONSORED: Saskatchewan Wildlife Federation

SPONSORED: Courtney Devins with Saskatchewan Wildlife Federation talks about the first ever National Advancing Women in Conservation Summit.

SPONSORED: Courtney Devins with Saskatchewan Wildlife Federation talks about the first ever National Advancing Women in Conservation Summit.

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 – Sept. 19

WATCH: Regina police search for suspects in this week’s Crime Stoppers report.

WATCH: Regina police search for suspects in this week’s Crime Stoppers report.

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Ukrainian troops claim gains in Russia-annexed region

Ukrainian troops pushed forward Monday with their offensive that has embarrassed Moscow, with Kyiv officials and foreign observers hinting at new gains in the strategic southern region of Kherson that the Kremlin wants to annex.