07:05 AM EST, 01/20/2025 (MT Newswires) -- The Bank of Canada's Business Outlook Survey (BOS) for Q4 is also on Monday at 10:30 a.m. ET, noted RBC.

The bank thinks inflation expectations likely continued to moderate, given readings have stayed near the BoX's 2% target for four consecutive months.

With job openings declining -- a sign of weakening hiring demand -- expected wage growth should slow further, stated RBC.

The BoC will be paying close attention to any further deterioration in key capacity pressures such as labor shortages and supply chain disruptions, added the bank. Those could signal a deeper economic slowdown, a wider economic output gap and disinflationary risks going forward.