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Weekly Commentary

A New US Economy?

February 23, 2024
Francis Généreux
Principal Economist

  • Canadian real GDP is tracking annualized growth of +0.5% in Q4 2023.
  • US real consumer spending likely slowed in January.
  • United States: We expect the ISM Manufacturing index to have crept closer to—or even hit—50.
  • United States: Aircraft probably dragged down durable goods orders.

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