Canada forecasts lower 2023 growth, possible ‘shallow recession’

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Canada forecasts lower 2023 growth, possible ‘shallow recession’
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Canada could fall into a “shallow recession” this year, according to a worst-case scenario outlined in the government’s budget, but Ottawa is planning for a slightly brighter outlook. | AFP

It offered targeted inflation relief such as a grocery rebate for “the most vulnerable still feeling the bite of higher prices.”

The government vowed to crack down on hidden fees and predatory lending, and to bring in “right to repair” rules for electronics and home appliances, as well as common charging standards for phones and computers — similar to the EU — to cut costs and waste.

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