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James Orlando - Soft, hard or ‘bumpy’ landing? Gauging Canada’s odds of a recession - globalnews.ca - Canada - city Ottawa
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Soft, hard or ‘bumpy’ landing? Gauging Canada’s odds of a recession
Ottawa’s 2023 budget — will Canada’s previously roaring economy coast into a so-called “soft landing” as it slows, or tumble sharply into a recession?Ongoing calls from a chorus of economists predicting a recession to hit Canada in 2023 have come up against surprisingly strong economic data in the early part of the year, making the tea leaves of an economic downturn especially hard to read.A recession is a widespread decline in economic activity over a certain period of time – usually defined as two straight quarters of negative growth.Ottawa’s 2023 budget bases its economic forecast on a consensus of private sector economists.That document, released March 28, showed that economists’ place the odds of a recession higher than when they were last polled for the 2022 fall economic update.But if the economy is supposed to be slowing down right now, someone might want to tell the economy.January’s gross domestic product (GDP) figures outpaced initial estimates from Statistics Canada with 0.6 per cent growth, rebounding from the flat reading in the final quarter of 2022.Canada’s labour market meanwhile held tight with a 5.0 per cent unemployment rate through the first quarter of 2023. The country’s employers have been in a hiring mood as of late, with net 383,000 positions added since last September.
Mercedes Stephenson - Nova Scotia Shooting - RCMP ‘will be successful’ in laying more interference charges: interim chief - globalnews.ca - China - Canada - county Stephenson
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RCMP ‘will be successful’ in laying more interference charges: interim chief
RCMP says he would support additional laws that allow police to further crack down on foreign interference in Canada, as well as ways to further collaborate with intelligence officials on the issue.But Mike Duheme adds multiple investigations remain underway that he’s confident will lead to criminal charges, though he did not give specifics.“When you ask any police officers if we can have more laws — if we can have additional legislation that would ensure that it would assist us as we move forward, but also ensure the safety of the public and of Canadians — I’d say yes, I’m favorable for that and very supportive,” Duheme told Mercedes Stephenson in an interview that aired Sunday on The West Block. Read more: On foreign interference, Canada playing ‘whack-a-mole’ to China’s chess: expert He pointed to the case in November where a Hydro-Quebec employee was charged with alleged espionage on behalf of China as an example of a successful RCMP investigation into foreign interference.“We were successful in laying charges against this individual, and we have other files that are moving forward that we will be successful in laying charges,” said Duheme, who was previously deputy commissioner of federal policing and oversaw foreign interference investigations as part of his mandate.Duheme would not say if those charges were related to the alleged Chinese-operated “police stations” the RCMP says it is investigating in the Toronto, Vancouver and Montreal areas.He said those investigations are ongoing and urged anyone with information to reach out to investigators.
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