March Newsletter

MARCH 2023 NEWSLETTER
SWON PUBLIC AFFAIRS
March, 2023
TABLE OF CONTENTS
Federal Updates Provincial Updates End of Year Message Contact
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Page 6

Canada may be turning corner on inflation, but Bank of Canada governor not ruling out ‘mild recession’
Governor of the Bank of Canada Tiff Macklem says he thinks Canada is “turning the corner” on inflation, but he isn’t ruling out that the country could enter a “mild recession.”
“Our own forecast has growth slowing. It is going to feel painful,” Macklem said in an English-language broadcast exclusive interview with CTV National News Ottawa Bureau Chief Joyce Napier on Wednesday.
“We’re not predicting a recession, we’re predicting roughly zero growth for the next two or three quarters. But, look with roughly zero growth, we could get two or three quarters of slightly negative growth. So we can’t rule out a mild recession.”
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Massive crowd greets Conservative Party leadership contender Poilievre in Windsor-Essex
Conservative member of parliament Pierre Poilievre came to Windsor-Essex Monday, looking to drum up support in his bid to become the next leader of the Conservative Party of Canada.
The leadership tour wound through southwestern Ontario Monday, stopping in Kitchener and London before finishing up with a packed house at the Ciociaro Club in Oldcastle, Ont.
An estimated 1,200 people attended Monday’s rally in Oldcastle where supporters turned out to hear Poilievre’s ideas for the country, which included eliminating the deficit, cancelling the carbon tax and reforming tax policy.
“If you are a working-class wage earner, like the countless manufacturing workers in places like Windsor, the people who literally build the nation watch their wages evaporate in power as the purchasing power is diminished by inflation,” Poilievre said the the room of supporters. “It is a way of transmitting wealth from the have-nots to the have-yachts in this country.”
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