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Jimmy Jean
Vice-President, Chief Economist and Strategist
Weekly Commentary
Business Investment: The Other Urgent Matter
January 12, 2024
- In December, Canadian inflation likely rose to 3.4%, the fastest pace since September 2023.
- We expect Canadian retail sales to come in flat for November.
- Homebuying activity probably picked up in Canada in December.
- Canadian housing starts were likely unchanged in December from the prior month.
- United States: Retail sales probably edged up as industrial production and housing starts fell.
- China: Quarterly real GDP growth is expected to have slowed at the end of 2023.