Forecasters are expecting rate cuts from the Bank of Canada in 2024, but there are risks to the inflation outlook that could put that timeline in jeopardy.
Agri-food expert Sylvain Charlebois said costs might be easier to manage in 2024, predicting the country's food inflation rate to drop slightly from 5.9 per cent.
The Bank of Canada's housing affordability index reached its worst levels in more than four decades last quarter as home prices rose alongside mortgage rates.