Merchandise trade down for the year, services trade up
While Canada turned positive, fourth quarter GDP slowed in G7
Decline in real income followed four quarters of growth
Core inflation remained persistent, even as energy inflation stayed negative
Employment readings largely stable to close 2023
Unemployment has since increased in Canada, but declined in the U.S.
Food inflation in retreat, energy price pressures negative
Merchandise trade down, services activity flat from previous quarter
Strong U.S. economy single-handedly drives G7 results
More recent data in Canada, U.S. points to rising joblessness