With the inflation roller coaster of 2021-'23 and its savage rate hike cycle still fresh in our memories, millions of Canadians dread the thought of re-inflation. They worry that the BoC will yell "Psych!" — and that rate cuts will boomerang back as hikes, punishing them for

StatsCan pulled another CPI rabbit out of its hat on Tuesday. For the first time since February 2021, inflation dipped below its 10-year average. July headline CPI simmered down to a lukewarm 2.5% y/y pace, practically rolling out the red carpet for a 1/4-point Bank of Canada

“This is very reminiscent, so far, of 1987” —Ed Yardeni (via Bloomberg) Recession jitters, market turmoil in Japan and liquidity concerns slammed bond yields this morning. Despite a hefty intraday turnaround, the sentiment damage is done. Now markets wait for the next shoe to drop. It's possible yields

The purpose of higher policy interest rates is to lower inflation. But when the Bank of Canada hikes rates, it also pumps up the single biggest driver of inflation: mortgage interest costs. Essentially, the Bank is keeping inflation 'inflated' because of its very own actions. If Alanis Morissette