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

The chart above shows how much Canada's roller coaster rate outlook has changed in just 90 days. The purple line shows the Bank of Canada cuts that were expected this year, just after the Silicon Valley Bank drama in March. The yellow line shows where the market now

Here's the gist of Wednesday's newsmaking Fed decision and the relevance to Canadian mortgage rates... What happened After 500 bps of hikes, the Fed paused for the first time in 11 meetings. Why it happened Chair Jerome Powell cited two main reasons: