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Weekly Commentary

Is Quebec Already on the Brink of a Recession?

October 28, 2022
Hélène Bégin
Principal Economist

  • A modest improvement in the Canadian labour market is expected in October.
  • Canada’s merchandise trade surplus is projected to have increased in September.
  • Another 75-point rate hike is expected from the Federal Reserve.
  • The US labour market likely slowed again.
  • United States: The ISM Manufacturing PMI could drop below 50.

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