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Weekly Commentary

This Time Is NOT Different

March 17, 2023
Royce Mendes
Managing Director and Head of Macro Strategy

  • Canadian inflation likely slowed to 5.4% in February, down from the 5.9% pace seen in January.
  • Canadian retail sales are expected to have risen 1.0% during the month of January. 
  • Expectations were pointing to another 25-point hike from the Fed, but things may have changed.
  • United States: Existing home sales are set to rise for the first time in a year.
  • The Bank of England may decide to stay the course and add another 25 basis points.

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