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Tag: Trudeau year end interview

As recession fears grow for 2023, Trudeau warns: ‘It’s going to be a tough year’ – National
Global News

As recession fears grow for 2023, Trudeau warns: ‘It’s going to be a tough year’ – National

As indications grow that Canada could be headed for a recession, Prime Minister Justin Trudeau has a warning for Canadians: next year will be “tough.” In an International Monetary Fund (IMF) assessment released earlier this month, the global financial agency warned Canada is at risk of tipping into a “mild recession,” despite outperforming its G7 counterparts.The warning comes after years of global economic upheaval — the result of several colliding factors, including the COVID-19 pandemic shutdowns and supply chain chaos, and Russia’s war in Ukraine.While the resulting interest rate hikes, ballooning inflation and sky-high cost of living have battered Canadians’ bank accounts in 2022, 2023 isn’t looking any better, the prime minister told Global National’s Dawna Friesen in a year...