ROYAL BANK OF CANADA WAS THE FIRST!

Royal Bank of Canada was the first major bank to predict the Canadian economy will see back-to-back quarters of negative growth in mid-2023. Now, it sees the downturn arriving as early as the first quarter of next year. The cooling housing and jobs markets, slowed down by the aggressive rate hiking cycles ever by the nation’s central bank, will speed up the arrival of a recession next year, the country’s largest lender said. # SANDI HALPERN # REAL ESTATE # SOLD # LEASED # RECESSION