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Company: Scotia Economics

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GDP Word Written In Wooden Cube reflection on black mirrow with money stack as graph in background stock photo

Persistent core inflation remains the key risk to rates, economy

Inflation causing price rising up, overvalued stock or funds, consumer purchasing power reducing concept, air balloon tied with product price tag flying high rising up in the sky.

Rising labour costs could mean a harder economic hit to curb inflation, Scotia report says

Stacking interest rate blocks

Demographics are boosting growth, but the rate outlook remains unchanged

Wooden blocks with percentage sign and arrow up, financial growth, interest rate increase, inflation concept

Strong inflation data coupled with housing market rebound makes case for more BoC tightening

Steel worker on CNC plasma cutter machine

Scotia sees price pressures persisting even as growth slows

United States Capitol, Washington DC

Likely government gridlock may cheer stocks but raise sovereign credit risks

U.S. Customs and Border Protection international checkpoint between Canada and the United States of America

Ottawa's new targets may help solve labour market issues, but exacerbate housing challenges

dollar boat in the bad weather illustration economic instability

China and Europe are leading the downturn, while Canada and the U.S. may still skirt the worst

Solar panels installed on the roof of a house

More declines from recent highs are likely, but prices should remain above pre-pandemic levels

Metal worker teaching trainee on machine use

Scotiabank's model forecast declines as supply issues dog sales in May