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BoC Macro Forecasts: lower inflation, softer growth

CANADA
  • CPI forecasts cuts 40bps in 2022 and 2023 on Q4/Q4 basis, but not as aggressive as sellside consensus. Unchanged for Q424.
  • GDP growth cut across the horizon, largest being -0.8pts to 1.0% for 4Q23 (having been 2.9% back in April).
  • Summary table/charts below:

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