CEOs’ concern about a Fed-led recession grew this month after Fed Chair Powell’s remarks to Congress, despite their stable rating of current business conditions. Still, most business chiefs still expect a soft landing.
January 12, 2021 - 7:30 AM When Tony Luck and his wife became empty nesters, they decided to uproot his business as a realtor in the Lower Mainland, where they spent most their lives, to small town Merritt and never looked back. “A lot of my friends say ‘why Merritt? Why not Kelowna or Penticton?’ And I say if I do that I may as well stay in the Lower Mainland,” Luck says. Those are busy communities. I chose Merritt because I used to camp in the hills around Merritt. We’d go camping, fishing, bike riding and for some reason, every time I came down a hill, I said ‘I’m going to live here.’”