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Weekly Commentary

Is This the Year Inflation Comes Down?

January 13, 2023
Francis Généreux
Principal Economist

  • Canada: Consumer prices likely declined in December on lower energy prices.
  • Canadian existing home sales probably fell again in December.
  • Canada: December housing starts are expected to come in broadly flat.
  • We expect another pullback in US retail sales.
  • US housing starts and existing home sales likely fell again in December.
  • China's real GDP may have contracted in the fourth quarter.

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