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Weekly Commentary

My Spending Is Your Income and Your Spending Is My Income

September 15, 2023
Royce Mendes
Managing Director and Head of Macro Strategy

  • Canada: The annual pace of headline inflation likely accelerated for a second straight month in August.
  • Retail sales probably increased 0.4% in July in Canada.
  • We expect Canada-wide housing starts to have eased towards about 250k units in July.
  • The Fed is expected to hold rates steady.
  • We anticipate mixed US housing market data.
  • Will we finally see a rate hike from the Bank of Japan?

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