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Weekly Commentary

Could They? Would They? Should They?

October 21, 2022
Royce Mendes
Managing Director and Head of Macro Strategy

  • The Bank of Canada is set for another 75 bp rate increase.
  • Canadian real GDP by industry probably advanced by 0.1% in August.
  • United States: After declining for two successive quarters, real GDP is finally expected to rise. 
  • United States: Sales of new single-family homes will likely start falling again.
  • The European Central Bank will probably hike interest rates by another 75 basis points.

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