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5yr Yield +3 Bps After Less Assuring U.S. Inflation Signs

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See also: Mortgage Tidbits (below).

Last week's Canadian macro calendar was enough to put people to sleep.

On Tuesday, however, we get a wake-up call: July CPI.

Traders will be locked on the data, waiting to see if Canada's price level momentum speeds up further—as it's doing south of the border.

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