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2023 Alberta Central Economic Outlook

Retail sales are slowly easing

Some welcomed signs of easing in underlying inflationary pressures

House prices declined for a tenth consecutive month

Insolvencies increased in November, ending two months of decline

Continued strength in the labour market points to a 25bp hike this month

Inflation moderates in November, but core remains sticky

House prices correction continues with no end in sight

Rising interest rates push the debt-service ratio higher

House prices will have to decline further to restore affordability, except in the Prairies

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