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Weekly Commentary

Pressures Are Easing Slightly in the Canadian Labour Market, but Wages Remain an Issue

January 27, 2023
Hélène Bégin
Principal Economist

  • Canada: Real GDP by industry is expected to have advanced by 0.1% in November.
  • Look for the Federal Reserve [MAM1] to raise interest rates by 25 points.
  • US job growth likely slowed again, but didn't plummet.
  • United States: ISM indexes probably stayed below 50.
  • The European Central Bank and the Bank of England are poised to continue tightening monetary policy.