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Weekly Commentary

Will US Political Partisanship Push the Economy over the Debt Ceiling Cliff?

May 12, 2023
Francis Généreux
Principal Economist

  • Canadian headline inflation likely receded for a seventh consecutive month in April.
  • Canada: Housing starts are expected to have slowed last month.
  • Canadian existing home sales probably posted a double-digit advance in April.
  • Canadian retail sales are expected to have fallen in March.
  • United States: Retail sales likely rebounded in April, but industrial production, housing starts and existing home sales probably fell.