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Notes from the Desk | CAD CPI Dec 21 2022

Notes from the Desk – CAD CPI – Still High But Heading in the Right Direction.

By the numbers.

 
Implications.
Although CPI remains well above the BoC’s target, it is trending in the right direction. It remains a toss-up whether the BoC is finished raising or will deliver a 25 bps hike in January.  Today’s numbers shouldn’t materially affect bond yields.

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