"The Bank of Canada and the Fed have to make sure that inflation is dead before they ease monetary policy. The last thing they want to do is to repeat the mistakes of the 1970s."

– Benjamin Tal, Deputy Chief Economist, CIBC
 

What does 2023 hold in store for the Canadian economy and housing market? Have we seen the last of the rate hikes from the Bank of Canada? When can we expect rates to begin dropping? In his latest economic forecast, CIBC’s deputy chief economist, Benjamin Tal, explores these questions along with some key economic indicators to consider this year.

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Video transcript