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Canadian CPI – The Cut Is On

Notes From The Desk: Canadian CPI – The Cut Is On

 

A sigh of relief could be heard this morning coming from the Bank of Canada.  Today’s CPI numbers provided evidence that last month’s data was a blip on the radar and that the trend in inflation remains downward.

 

By the numbers:

 

 

The implications:

 

Today’s inflation data coupled with rising unemployment, should make the decision to cut next week easy.

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