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Retail Rate Forecasts

Early Signs That Rate Hikes Are Moderating, but the Fight against Inflation Isn’t Over

November 15, 2022
Jimmy Jean, Vice-President, Chief Economist and Strategist
Lorenzo Tessier-Moreau, Principal Economist • Hendrix Vachon, Principal Economist

  • High interest rates could drag the world economy into recession.
  • The Bank of Canada indicated for the first time that it may moderate its rate hikes.
  • It’s too early for a lasting rebound in the Canadian dollar.
  • Equity markets are recovering and back in the black—for now.