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Weekly Commentary

The Ambivalence of US Consumers

December 8, 2023
Francis Généreux
Principal Economist

  • Canadian existing home sales probably fell by 3% in November.
  • Housing starts likely eased to 250k units in Canada.
  • Canadian manufacturing sales are expected to have contracted in October.
  • The Fed will likely continue to hold rates steady.
  • We expect US monthly CPI to come in flat again.
  • United States: Retail sales probably edged lower while industrial production bounced back.

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