2022 saw the largest increase in interest rates over the span of a year in Canadian history. This was done by the Bank of Canada to combat the increase of housing costs as well as national inflation. But is there more to the story? November saw the largest amount of insolvencies since early COVID, when lockdowns brought many to their knees. The so-called "solution" is already causing more problems, and 2023 could bring a lot of financial hardship for Canadians. Is a potential looming recession being created by our government, and if so, why? In this episode we try to make sense of all the madness, as well as try to guess at what is likely to happen in 2023.

Bronwyn Watson is a Mobile Mortgage Advisor with CIBC. She is available for consultation and can be reached at [email protected]