Canada’s economy is slowing down just as the Toronto Blue Jays’ race for a playoff berth heats up. Here's what experts say that could mean for country's economic prospects.
as they chase an elusive wild card spot for a berth in the MLB postseason; and economists crunching numbers to revise their forecasts of how steep a decline the economy could soon face.on real gross domestic product. GDP actually contracted in the second quarter of the year, surprising most economists and forecasters who hadn’t expected such a chill to take hold until the fall.
For the Jays, that means there’s a critical lineup of games to play in September that could sway whether the city of Toronto — and the wider country — has a team in the postseason this year. For businesses that rely on the Blue Jays to drive customers their way, a playoff run would be a blessing ahead of further economic slowdowns expected in the fall.Steam Whistle runs a brewery and beer garden steps from the Jays’ front door at the Rogers Centre in downtown Toronto.
While he says Steam Whistle has been buoyed by recent moves such as Toronto allowing outdoor drinking in some city parks, Taylor notes that the beer industry as a whole has been in need of a boost as it’s still recovering from the impacts of the COVID-19 pandemic. The bank noted in its report, however, that while spending on durable goods is especially slowing down, consumers continue to shell out for services and experiences. TD cautioned that spending momentum here, too, might come up against reality as price pressures bite in the fall.
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