Weekly Commentary
No Pain, No Gain for the Canadian Economy
September 16, 2022
- Another big rate hike is in the cards for the Fed.
- Canada: The headline consumer price index probably declined 0.1% in August on lower gasoline prices, but core inflation likely remained hot.
- Canadian retail sales are poised for a 1.8% m/m contraction in July.
- United States: Further declines are expected for both housing starts and existing home sales.
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