Annualized Q4 growth at 1.6%, slowdown in housing-related orders
Economists expect unemployment to rise as businesses and consumers curb spending
Wage-price spiral risk down, inflation forecast to fall to 2% by 2024
For now, the central bank's worries are far removed from fears of deflation
“If things get out of hand” BoC “might have to raise rates again,” says TD’s Orlando
The annual inflation rate slowed last month to 6.3%
Businesses and consumers expect inflation to remain elevated in the short term and ease within five years
Settlement balances helped finance pandemic quantitative easing
Wages up 5.1%, unemployment rate at 5.0%
TD expects inflation will fall next year but no consensus on whether BoC will hike rates further