The country’s economic engine continued to sputter in the fourth quarter, according to Royce Mendes, Desjardins’ managing director and head of macro strategy. He expects the economy to post “virtually no growth” in the fourth quarter and continue to stagnate. As more households and businesses feel the impacts of higher interest rates in 2024, we expect Canada to fall into at least a mild recession. So while the economy is sputtering now, it might begin rolling backwards early in the new year.
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Soldiers carry the coffin of Israeli soldier Sergeant Liran Ben Zion, who, according to the Israeli army, was killed in combat in southern Lebanon. Israel’s parliament has approved a controversial new law making the death penalty the default punishment for Palestinians convicted of lethal attacks, sparking intense criticism from rights groups and international observers. The measure, championed by far‑right members of the governing coalition, is set to take effect within 30 days and has already prompted legal challenges and diplomatic condemnation. Israel’s parliament has passed a landmark—and highly contentious—law establishing the death penalty as the default sentence for Palestinians convicted in military courts of lethal attacks against Israelis. The bill, long pushed by far‑right members of Prime Minister Benjamin Netanyahu’s coalition, mandates execution by hanging and requires sentencing within 90 days, with no right to clemency. The legislation applies spec...
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Canada’s economy continues to sputter in Q4 2023
According to Statistics Canada, Canada’s economy showed no growth in October, remaining unchanged at 0.0% on a monthly basis, which is below analyst expectations of 0.2% growth . This marks the third straight month where economic growth was essentially unchanged. Advance estimates for November showed that GDP increased 0.1% last month, as increases in manufacturing, transportation and warehousing, agriculture, forestry, fishing and hunting were partially offset by decreases in retail trade .
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