Overview

• Insolvency filings in Canada hit their highest level since 2019, continuing a rising trend into 2024.
• The housing market is expected to see a gradual return of buyers and inventory, with a 'staggered' recovery anticipated over the second half of the year.
• Canadian home prices have begun to stabilize, with the benchmark home price remaining unchanged in February.
• A series of Bank of Canada rate cuts is anticipated to be necessary before a significant increase in market activity occurs.
• Key business events in the coming week include a speech by the Bank of Canada's senior deputy governor and the release of January's GDP figures.