The Bank of Canada is done tightening but not ready to declare victory on inflation

The labour market continues to soften

Insolvencies resume their march higher

Rebound in retail sales due to better car inventories

Inflation moderates with momentum in BoC’s core measures narrowly below 3%

The housing market weakens further in October

Insolvencies took a pause in September, but the upward trend remains intact

A softening of the labour market

Another contraction is likely in the third quarter

The Bank of Canada is likely done but remains concerned by rising inflationary risks