Forward Guidance: Inflation Pressures Loom Over Bank of Canada’s Business Outlook Survey

In a crowded week for Canadian data releases, we expect the headline CPI inflation rate to stand out. The measure will likely accelerate to 4.9% year-over-year from 4.7% in November. Omicron-related weakness in energy products is expected to have been offset by persistent strength in expenses tied to home and car purchases. Indeed, this is […]

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