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Weekly Commentary

Canadian Investment Data Paint a Troubling Picture

March 10, 2023
Marc Desormeaux
Principal Economist

·         Existing home sales are expected to have posted the steepest monthly gain in February since Canada’s housing             market correction began.

·         Canadian housing starts likely posted their third consecutive monthly decline in February.

·         Canada: Manufacturing sales are forecast to have risen 3.3% in January.

·         United States: Inflation likely slowed again despite strong monthly price gains.

·         After January's spike, US retail sales are expected to come in lower in February.

·         Look for the European Central Bank (ECB) to raise its key interest rates by 50 basis points.


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