predicting the top economic trends for 2023. A mild recession and lower than normal Canadian dollar are also in the cards.
shows. That reflects an increase in the price of services, which BMO said are now bearing the brunt of inflation. That’s a problem, because price increases in services are historically much more difficult to correct.Article content “We believe the main story is that there will be no scope for rate cuts in the year ahead, and that central banks will maintain these relatively high rates until underlying inflation is truly cracked — and that process will take time,” chief economist Douglas Porter wrote in the note. “We don’t look for rate relief until 2024.”Article content
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Posthaste: What to expect from inflation, interest rates and the housing market in 2023Canada will see another year of high inflation, one more interest rate hike and a continued downturn in housing, BMO said. Read on. The words crash. This will be epic 🤷🏼♂️ Brace folks 😬 Brought to you by: the Liberal/NDP’s 👌🏼 The Liberal housing bubble burst
Source: nationalpost - 🏆 10. / 80 Read more »
Posthaste: What to expect from inflation, interest rates and the housing market in 2023Canada will see another year of high inflation, one more interest rate hike and a continued downturn in housing, BMO said. Read on.
Source: financialpost - 🏆 7. / 85 Read more »
Posthaste: What to expect from inflation, interest rates and the housing market in 2023Canada will see another year of high inflation, one more interest rate hike and a continued downturn in housing, BMO said. Read on. Ish... 🤣
Source: nationalpost - 🏆 10. / 80 Read more »
Posthaste: What to expect from inflation, interest rates and the housing market in 2023Canada will see another year of high inflation, one more interest rate hike and a continued downturn in housing, BMO said. Read on.
Source: fpinvesting - 🏆 43. / 63 Read more »