The Bank of Canada needs to take out insurance tomorrow, and it's a safe bet it will. The BoC is trying to contain at least four risks: * Core CPI lingering in the 3% range * Inflation expectations getting stuck in the 3% to 4% range * Counter-productive housing momentum * An

For data-dependent central banks, the next 12 days offer a smorgasbord of indicators. CPI, GDP, jobs numbers, inflation expectation surveys, you name it. Investors have wagered ungodly sums on the inflation picture improving this summer. This next batch of data is crucial to them being right, and to the lid

Canada's average home price has rocketed 19% from January's low. Regardless of one's opinion of average prices as a measure, that's monumental. By June 7, Tiff & Co. at the BoC had seen enough. Their deliberations, published Wednesday, confirmed that resale housing&