The economy is showing signs of slowing, but inflation is still high at 6.3 per cent in December, with food prices in particular remaining elevated year over year.Interest rates have put a damper on the housing market, sending prices and sales downward for months on end even as the cost of renting went up in 2022.
Meanwhile, the labour market has remained strong, with the unemployment rate nearing record lows in December at five per cent.
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