Most economists expect a rebound this quarter as solid hiring and wage gains sustain growth
Inflation and the war in Ukraine may curb consumer spending this year
Buyers may have pushed forward purchases ahead of higher rates
BMO expects a Fed rate hike of 50 bps in May as inflation cuts spending power
CIBC sees room for further job gains without soaring wages
Financial markets now foresee much steeper rate hikes than Fed officials signaled as recently as last month
Leading indicators point to declining momentum for EU, while Canada, U.S. stable
Household income rose but net saving dropped for every age group, StatsCan reports
Unemployment dropped to its lowest rate since the pandemic erupted
Higher prices and the war in Ukraine contributed to a decline in the six-month outlook