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In The News is a roundup of stories from The Canadian Press designed to kickstart your day. Here is what's on the radar of our editors for the morning of Dec. 16 ... What we are watching in Canada ...

OTTAWA — Senators are warning Trade Minister Mary Ng that Ottawa may be falling behind its peers in establishing deeper trade ties with Africa. "We're not in some of the geographies we need to be," Ontario Sen.

TORONTO — Canada's main stock index was down nearly 400 points in a broad-based decline in late-morning trading, while U.S. stock markets also fell a day after the U.S.

OTTAWA — Finance Minister Chrystia Freeland has lots of reasons to be losing sleep. Soaring living costs have Canadians lined up at food banks. The federal Liberals are anticipating a possible recession.

WASHINGTON (AP) — The Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come.

Macklem spoke today at the Fairmont Hotel Vancouver

Think tank expects real GDP to expand 2.2% next year – down from 2.8% growth in 2022

OTTAWA — The parliamentary budget officer is projecting the economy will slow considerably in the second half of 2022 and remain weak next year as the Bank of Canada continues to raise interest rates.

TORONTO — A new KPMG survey has found Canada’s small and medium-sized businesses are banking on strong growth in the next three years, even as a possible economic downturn remains top of mind in the near term.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (18,206.28, down 10.40 points): Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down 35 cents, or 0.48 per cent, to $72.51 on 9.