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Weekly Commentary

What More Could They Ask For?

March 1, 2024
Royce Mendes
Managing Director and Head of Macro Strategy

  • The Bank of Canada will leave interest rates on hold on March 6, but is likely to sound at least somewhat more dovish.
  • Canada: We expect a soft 5K jobs gain for February.
  • Canada's trade balance probably slid further into negative territory.
  • The US job market likely extended its hot streak in February, although it has probably cooled compared to previous months.
  • United States: The ISM Services index is expected to have fallen slightly.
  • Is deflation becoming entrenched in China?

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