Today's CPI numbers were the last major report before the Bank of Canada's January 25 rate decision. Here are the inflation highlights—from a mortgage perspective:

📰In case you missed it → Inflation outlook: according to plan It was another rough month for home sales in December: down 39.1% year-over-year according to national CREA data. December is always a thin volume month for sales, though, so it's dangerous to read too much into it.

📰In case you missed it → Real Estate Still Grappling With Costly Rates We're all rooting for weaker inflation expectations, especially those who want lower mortgage rates. Among other ways, the Bank of Canada measures those expectations with its business and consumer surveys. And it puts considerable weight on

📰In case you missed it → OSFI Fallout - The day after MLN doesn't hang its hat on rate predictions but if it did, we'd promptly point out the head and shoulders-esque pattern forming in Canada's 5-year yield.