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Weekly Commentary

The New Normal

June 23, 2023
Royce Mendes
Managing Director and Head of Macro Strategy

  • Canada: The 12-month pace of inflation looks to have sunk like a stone in May.
  • After a couple of lacklustre prints in February and March, Canadian real GDP by industry is expected to have picked back up in April.
  • United States: new home sales likely rose again in May. 
  • US consumer confidence should benefit from the end of concerns over the debt ceiling.  

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