Canadian Market Insights

In 2024, we expect the most frequently asked question amongst Canadian investors will be, ‘are we there yet?’, with respect to interest rate cuts by the Bank of Canada (BoC). Our base-case scenario for the Canadian economy is a soft-landing in 2024, but we see risks skewed to downside, as tighter monetary policy weighs on growth. Employment, housing, and a potential global recession are the biggest threats to our outlook for Canadian growth, inflation, and interest rates.