A strong labour market as the risk of US tariffs looms

Activity declines in November, and momentum looks weak

Bank of Canada: A 25bp cut, but heightened uncertainty led to the guidance to be dropped

Unchanged retail sales ahead of a GST holiday-fuelled shopping spree

Inflation eased thanks to the temporary GST holiday

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

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