Canada headed for 'severe' and 'inevitable' recession in 2023: economist

Canada is headed for a recession in early 2023, according to one economist. "I don't think that we're in a recession just yet, but I do think that one …
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Federal deficit stood at $3.6-billion with four months left in 2022-23 fiscal year
The federal deficit stood at $3.6-billion as of November with just four months left in 2022-23 fiscal year, suggesting federal finances are outperforming official projections. The Finance Department’s monthly fiscal monitor report said the $3.6-billion deficit for the April to November period …
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GOP Tax Plan Denounced as 'One of the Most Regressive Proposals in a Generation'
A House GOP proposal to repeal all federal income taxes—including levies on corporations and the rich—and replace them with a whopping 30% national …
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Inflation gauge closely watched by the Fed cooled in December, but prices remain high
An inflation gauge closely watched by the Federal Reserve showed signs of slowing in December, but it still remained abnormally high, according to new data released Friday. The Personal Consumption Expenditures (PCE) index showed that consumer prices rose 0.1% from the previous month and rose 5% on …