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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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