TMX is already showing its value: an extra $10bn in revenues in 2024; but US tariffs loom large on Alberta’s oil

Housing activity eased in December but remains on an improving trend

A robust labour market will not deter the BoC from cutting again in January

Inflation eased slightly, but some stickiness in core measures of inflation

2025 Outlook: Searching for the terminal rate

Bank of Canada: Another 50bp cut and the easing will continue

More slack in the labour market despite strong job gains means a 50bp cut next week

Modest growth in Q4, but without population growth, it would have been a contraction

Robust retail sales are pointing to a bottoming out in spending per capita

Inflation surprised to the upside but remains in line with the BoC’s target