Canadian yields spiked on Tuesday after core inflation surprised. That combined with further bond selling following Friday's Moody's downgrade. Here's how these and the day's other economic twists moved yields:

As expected, Canada's most-watched inflation measure hit the brakes hard, mainly because gas prices did too. Removal of the carbon tax and falling oil prices pulled CPI growth well below target. Core inflation is a whole different story. Strip away the volatile stuff, and underlying inflation grew more

Folks worried that U.S. stagflation will spill over Canada's border might find the chart below interesting. It shows what the Wall Street herd thinks will happen with U.S. GDP and core PCE inflation. It's like choose-your-own-adventure for economists.