Merchandise trade down, services activity flat from previous quarter
With central banks expected to start cutting rates, outlook should turn rosy next year
Effects of high rates to weigh further on economy, financial sector
Bank of Canada governor makes remarks day after new inflation numbers show Canada's inflation rate fell to 3.1% in October
Households are facing the dual drags of inflation and higher interest rates, report says
Amid growing financial strains, default volume has almost doubled
Report suggests there is no need for further rate hikes
The CPI report Tuesday morning will be followed by the government's fall economic statement
Weaker energy prices drive input costs lower, according to StatsCan
Rate cuts to start materializing by mid-year