Weekly Commentary

Pressures Are Easing Slightly in the Canadian Labour Market, but Wages Remain an Issue

January 27, 2023

Hélène Bégin
Principal Economist

Canada: Real GDP by industry is expected to have advanced by 0.1% in November.
Look for the Federal Reserve [MAM1] to raise interest rates by 25 points.
US job growth likely slowed again, but didn't plummet.
United States: ISM indexes probably stayed below 50.
The European Central Bank and the Bank of England are poised to continue tightening monetary policy.

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