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Weekly Commentary

Business Investment: The Other Urgent Matter

January 12, 2024
Jimmy Jean
Vice-President, Chief Economist and Strategist

  • In December, Canadian inflation likely rose to 3.4%, the fastest pace since September 2023.
  • We expect Canadian retail sales to come in flat for November.
  • Homebuying activity probably picked up in Canada in December.
  • Canadian housing starts were likely unchanged in December from the prior month.
  • United States: Retail sales probably edged up as industrial production and housing starts fell.
  • China: Quarterly real GDP growth is expected to have slowed at the end of 2023.

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