Bank of Canada governor addressed MPs on the finance committee on Thursday
Economic bounce back at the end of 2023 could push back rate cuts, economists say
Average asking rent for December in Canada jumped to a record high of $2,178 per month
The central bank is still open to more rate hikes if inflation doesn’t co-operate
The bank will also publish its quarterly monetary policy report on Wednesday, with new forecasts for the economy and inflation
The Bank of Canada is expected to hold its key interest rate at 5% next week
Consumers have changed their spending habits in response to higher inflation, interest rates
StatsCan will release its consumer price index report on Tuesday, offering a look at the overall inflation rate for 2023
Members of governing council were more optimistic about the country's inflation outlook and found "recent data pointed in the right direction"
The agency says figures for the first nine months of 2023 have already surpassed the total growth in any other full year