Tighter financing environment, declining economic growth to drive defaults
Canadian economy added a modest 25,000 jobs in the month
Job vacancies continue their steady decline
Economists expect Bank of Canada to remain on hold amid economic weakness
Staffing issues led some employers to work more hours, reduce hours of operation and refuse services contracts
Swing to surplus in goods trade curbs deficit, led by higher oil prices
Outlook shifts to neutral as banks adapt to higher rate environment
The organization projects that recessions will be avoided "almost everywhere"
The Conference Board's consumer confidence index rose to 102 from 99.1 in October
Rating agency expects 100 basis points of rate cuts next year