Those buckling under the pressure of high interest rates got a breath of fresh air on inflation today. January headline CPI dropped to 5.9% year-over-year, 20 bps below expectations. That was partly a function of monetary policy working its magic and partly due to the favourable 2022 January comparable

This is not what BoC governor Tiff Macklem wanted to see. Canada churned out an estimated 150,000 new jobs in January. That was far more per capita than our southern neighbour's 517,000 print last week, which was stunning in its own right. Today's gains

After 11 harrowing months of rate tightening borrowers finally got the news they'd been waiting for. On January 25, the BoC announced it was indefinitely pausing rate hikes and moving to the sidelines. And make no mistake, this pause was no "transitory" moment. No sir. This