Bank of Canada Business Outlook Survey: 61% of Canadians expect a recession in the next year, an increase from 55% in the third quarter. Inflation expectations for the next five years fell to 2.62% from 2.75% in the third quarter. Consumers believe interest rates will remain high but not rise over the next 12 months.

Bank of Canada Business Outlook Survey: Businesses expect price changes to remain moderate over the next 12 months.

Bank of Canada Business Outlook Survey: Wage growth expectations are gradually declining; 75% of companies believe that wage growth will return to normal by 2025.

Bank of Canada Business Outlook Survey: 27% of businesses believe it will take more than four years for inflation to return to 2%, an increase from 18% in the third quarter.

Bank of Canada Business Outlook Survey: 54% of businesses expect inflation to remain above 3% in the next two years, an increase from 53% in the third quarter.

Bank of Canada Business Outlook Survey: The latest indicator of future sales continues to moderate, with the Balance of Views Index at -10, unchanged from the third quarter.

Bank of Canada Business Outlook Survey: Weak demand and economic uncertainty have become the focus of business.

Bank of Canada Business Outlook Survey: 38% of businesses expect Canada to fall into recession within the next year, an increase from one-third in the third quarter.

Bank of Canada Business Outlook Survey: Most businesses link high consumer price index expectations to wage needs.

Bank of Canada business outlook survey: About 25% of companies do not expect CPI to return to 2% in the next four years.

USD/CAD rose to a one-month high of 1.3443.

U.S. Central Command: At around 4 pm local time on January 15, Houthi militants launched an anti-ship ballistic missile from Houthi-controlled areas in Yemen, hitting the M/V Gibraltar Eagle container ship. The vessel reported no casualties or major damage and continued sailing.

Peruvian Government: Peruvian economic activity increased by 0.29% year-on-year in November, and is expected to increase by 0.1%.

South African electricity utility Eskom: The third phase of power restrictions will be implemented from 16:00 (local time) today, and the third and fourth phases of power restrictions will be implemented over the weekend.

Peruvian Government: Peru’s GDP increased by 0.29% in November compared with the same period last year.

Qatar Investment Authority CEO: Valuations in Europe are very low.

Qatar Investment Authority CEO: Commercial real estate is a bit worrying.

South African electricity utility Eskom: The second phase of the blackout will continue until 16:00 local time on Wednesday afternoon.